The protocol announced the cancellation of the March 2024 launch of the fixed rate series.
All borrowing and lending would cease on December 31st.
Lacking commercial demand and facing worldwide regulatory challenges, Yield Protocol, a decentralized finance (DeFi) lending protocol, has stated its intention to shut down before the end of the year.
We’ve made the tough decision to wind down the Yield Protocol. The March 2024 fixed rate series will not be launched. Only the December 2023 series remains active for borrowing and lending. All borrowing and lending will end by December 31st. https://t.co/oHnCGgeP13
— Yield Protocol (@yield) October 3, 2023
After the maturity of the December 2023 series on December 29, 2023, Yield Protocol will no longer exist. The DeFi protocol announced the cancellation of the March 2024 launch of the fixed rate series in a release outlining the “wind down” process.
The DeFi protocol stated:
“While we think that the future is bright for DeFi and
We współpracy z: https://thenewscrypto.com/defi-lending-protocol-yield-protocol-announces-shutdown/
