🔔 Breaking news: Yield Protocol, a leading partner in the Decentralized Finance (DeFi) sector, announces its decision to terminate its operations.
📉 Key reasons include unsustainable demand for fixed-rate loans on the platform and an increasingly complex regulatory environment.
🚫 Yield Protocol will not issue fixed interest rate series March 2024 and all lending and borrowing activities will end on December 31, 2023.
📢 In the announcement on October 3, the Yield Protocol team said: "We think the future of DeFi and the fixed interest rate market in DeFi is very bright, but this decision is necessary because there is currently no need to sustainable demand for fixed-rate loans on the Yield Protocol."
💼 According to the statement, lending and borrowing activities are currently limited to the December 2023 series. On December 29, 2023, all remaining chains will mature, marking the end of all lending and borrowing activities on the platform.
🤝 Yield Protocol is committed to supporting users for the remaining time and ensures withdrawal support will be available for a limited time after the end of the December series.
📉 Key reasons include unsustainable demand for fixed-rate loans on the platform and an increasingly complex regulatory environment.
🚫 Yield Protocol will not issue fixed interest rate series March 2024 and all lending and borrowing activities will end on December 31, 2023.
📢 In the announcement on October 3, the Yield Protocol team said: "We think the future of DeFi and the fixed interest rate market in DeFi is very bright, but this decision is necessary because there is currently no need to sustainable demand for fixed-rate loans on the Yield Protocol."
💼 According to the statement, lending and borrowing activities are currently limited to the December 2023 series. On December 29, 2023, all remaining chains will mature, marking the end of all lending and borrowing activities on the platform.
🤝 Yield Protocol is committed to supporting users for the remaining time and ensures withdrawal support will be available for a limited time after the end of the December series.