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