๐DeFi fans, gather 'round!๐ Yield Protocol is waving goodbye๐ by year-end due to low demand & pesky regulations. Their Dec 2023 series will mature on Dec 29, ending all borrowing & lending.๐
๐คWhy? "Not sustainable demand for fixed-rate borrowing" & a tough regulatory environment in the US, Europe & UK.๐
๐From a peak of $22M total value locked in April 2022 to a mere $2M now, it's been quite a ride!๐ข
๐ฌWhat's your take on this DeFi drama? Share your thoughts in the comments!๐ And remember, stay optimistic, the market always bounces back!๐ #DeFi #Web3 #YieldProtocol
๐คWhy? "Not sustainable demand for fixed-rate borrowing" & a tough regulatory environment in the US, Europe & UK.๐
๐From a peak of $22M total value locked in April 2022 to a mere $2M now, it's been quite a ride!๐ข
๐ฌWhat's your take on this DeFi drama? Share your thoughts in the comments!๐ And remember, stay optimistic, the market always bounces back!๐ #DeFi #Web3 #YieldProtocol