I guess it's not as decentralized as the name makes it sound.
It's the name that matters, you can sell now everything in crypto just with a label, and furthermore, I think it's getting worse, if a "project" doesn't have DefI, NFT, and many other stupid things in its description it doesn't get any traction. You need to cram everything in its whitepaper despite knowing you're going to end with a copycat of a copycat of a CEX and a shitty token.
The order finds that although Opyn took certain steps to exclude U.S. persons from accessing the Opyn Protocol, such as blocking users with U.S. internet protocol addresses, those steps were not sufficient to actually block U.S. users from accessing the Opyn Protocol.
Completely decentralized, permissionless and censorship resistant also I assume!
I guess the profit outweighs the cons since they just get fined for less than $1 million for now.
I don't think that's the case for all of those platforms:
Deridex was an Algorand-powered derivatives platform. However, the project abruptly shut down in February, causing its TVL to fall from about $150,000 to $133 as of Sept. 8, according to DefiLlama.
So this one went bust before even being fined, the other one is powered by a token with $400k in market cap, so hardly affordings millions.