By the End of December 2023 Yield Protocol will Close

By The End of December 2023 DeFi Lending Protocol Yield Will Close

DeFi lending protocol Yield Protocol has decided to close at the end of December 2023 due to lack of business demand and global regulatory pressure, which is going to mature on 29 December 2023. Along with this by the end of December 2023 Yield Protocol will not be in existence. By giving the details about Wind Down Operation Yield Protocol has confirmed that March 2024 fixed rate series launch has been cancelled. According to the information, one of the reasons is adverse Crypto rules in USA, Europe and UK, due to which Yield Protocol is closing. After two days of maturity that is till 31 December all the Yield Protocol present series will end.