Due to regulatory requirements and insufficient borrowing demand, the fixed-rate lending protocol Yield Protocol announced that it will cease operations. The fixed-rate lending protocol Yield Protocol announced that it will cease operations. Due to the current lack of demand for fixed-rate borrowing on Yield Protocol and increasing regulatory requirements in the United States, Europe, and the United Kingdom, the team decided not to continue developing the protocol. While Yield Protocol will not launch the March 2024 fixed-rate series, it will continue to provide full support for the December 2023 series. All lending activities on Yield Protocol will end on December 29, 2023. In June 2021, the fixed-rate lending protocol Yield Protocol announced the completion of a $10 million Series A financing led by Paradigm.