📉 Yield Protocol, known for its fixed-rate debt and lending, announced its decision to shut down operations. The main reasons are the lack of sustainable demand for fixed-rate loans and the increasingly complex regulatory environment. 🚫
From December 31, 2023, all borrowing and lending on the platform will cease. Yield Protocol will continue to support its users for the remainder of the period, and withdrawal support will be available for a limited time after the end of the December series.
From December 31, 2023, all borrowing and lending on the platform will cease. Yield Protocol will continue to support its users for the remainder of the period, and withdrawal support will be available for a limited time after the end of the December series.