Due to regulatory requirements and insufficient borrowing demand, fixed-rate lending protocol Yield Protocol announced that it will cease operations.

Odaily News Fixed-rate lending protocol Yield Protocol announced that it will cease operations. Due to the current lack of demand for Yield Protocol’s fixed-rate borrowing, as well as increasing regulatory requirements in the United States, Europe, and the United Kingdom, the team has decided not to continue developing the protocol. While Yield Protocol will not launch the March 2024 fixed-rate series, it will continue to provide full support for the December 2023 series. All lending activities on Yield Protocol will end on December 29, 2023. In June 2021, Yield Protocol, a fixed-rate lending protocol, announced the completion of a $10 million Series A financing led by Paradigm.