🎉 Funny news in the DeFi world! Yield Protocol is winding down later this year due to lack of demand and regulatory challenges. 😅

📅 The 2023 December series will mature on December 29 and will end all borrowing and crediting in the protocol. 🚀

🤔 “We had to make this decision because there is no sustainable demand for fixed-rate borrowing in the Yield Protocol,” said Yield. Additionally, increasing regulatory requirements in the US, Europe and the UK also complicate matters. 😵

📉 At its peak in April 2022, Yield Protocol was valued at $22 million in total, but that figure has now dropped to around $2 million. 💸

🗣️ So what do you think? What does this mean for the DeFi world? We are waiting your comments! 🤗

#DeFi#YieldProtocol #cryptocurrency