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DeFi tokens / Re: By the End of December 2023 Yield Protocol will Close
« on: October 08, 2023, 04:58:34 PM »
DeFi Project Yield Protocol to Wind Down by Year's End
At its peak in April 2022, the DeFi lending project had over $22 million in total value locked, but this figure has since dropped to around $2 million.
Decentralized finance (DeFi) lending project Yield Protocol is set to wind down by the end of this year due to a lack of demand and regulatory challenges.
The project's December 2023 series will mature on Dec. 29, ending all borrowing and lending on the protocol, according to an announcement on Wednesday.
More For Yourself Here https://www.coindesk.com/business/2023/10/04/defi-project-yield-protocol-to-wind-down-by-years-end/
What's your opinion about By the End of December 2023 Yield Protocol will Close?
At its peak in April 2022, the DeFi lending project had over $22 million in total value locked, but this figure has since dropped to around $2 million.
Decentralized finance (DeFi) lending project Yield Protocol is set to wind down by the end of this year due to a lack of demand and regulatory challenges.
The project's December 2023 series will mature on Dec. 29, ending all borrowing and lending on the protocol, according to an announcement on Wednesday.
More For Yourself Here https://www.coindesk.com/business/2023/10/04/defi-project-yield-protocol-to-wind-down-by-years-end/
What's your opinion about By the End of December 2023 Yield Protocol will Close?