According to ChainCatcher news, the decentralized fixed-rate lending protocol Yield Protocol announced that it will end operations. Insufficient demand and an uncertain regulatory environment are the key driving factors behind the decision to cease operations. The platform attracted over $22 million in TVL at its peak in April 2022 and currently sits at just over $2 million in TVL. According to RootData data, Yield Protocol completed US$10 million in financing in June 2021, with participation from Paradigm, Framework Ventures, CMS and Robot Ventures.