Posted 10/4/2023, 9:36:00 AM
DeFi Lending Project Yield Protocol Shutting Down Due to Lack of Demand and Regulatory Challenges
- DeFi lending project Yield Protocol to shut down by end of 2022 due to lack of demand
- Yield's December 2023 lending series to mature Dec. 29, ending borrowing/lending
- Not enough demand for fixed-rate borrowing on Yield Protocol
- Regulatory challenges in U.S. and increasing regulation in Europe/UK also a factor
- Yield Protocol peaked at $22M total value locked in April 2022, now just $2M
