đ DeFi Lending Project Yield Protocol to Shut Down by Year-End đź
- Yield Protocol announced it will wind down by the end of 2022 due to lack of demand and regulatory challenges.
- The project's December 2023 series will mature on Dec. 29, ending all borrowing and lending on the platform.
- At its peak in April, Yield Protocol had over $22 million in total value locked, but this has since dropped to around $2 million.
What are your thoughts on the future of DeFi lending projects? Share your opinions in the comments below! đ
- Yield Protocol announced it will wind down by the end of 2022 due to lack of demand and regulatory challenges.
- The project's December 2023 series will mature on Dec. 29, ending all borrowing and lending on the platform.
- At its peak in April, Yield Protocol had over $22 million in total value locked, but this has since dropped to around $2 million.
What are your thoughts on the future of DeFi lending projects? Share your opinions in the comments below! đ