📢Attention, blockchain enthusiasts! Fixed-rate lending protocol Yield Protocol recently announced that it will cease operations. 😔What’s the reason? It is reported that this is due to the current lack of demand for Yield Protocol’s fixed-rate borrowings, as well as increasing regulatory requirements in the United States, Europe and the United Kingdom. Therefore, 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.
It is worth mentioning that in June 2021, Yield Protocol announced the completion of a US$10 million Series A financing led by Paradigm. 💰Despite this, market changes and regulatory pressure still led Yield Protocol to choose to cease operations. Let us continue to pay attention to the development of the blockchain industry and look forward to the bright future of Bitcoin! 🚀
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.
It is worth mentioning that in June 2021, Yield Protocol announced the completion of a US$10 million Series A financing led by Paradigm. 💰Despite this, market changes and regulatory pressure still led Yield Protocol to choose to cease operations. Let us continue to pay attention to the development of the blockchain industry and look forward to the bright future of Bitcoin! 🚀