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Yield Protocol Announce Wind-Down

The team behind Yield Protocol has announced the discontinuation of their service post a collective dialogue with relevant stakeholders. The March 2024 fixed rate series will not see a launch, as declared on their official channel dated 17 hours ago. The protocol team commits to ensuring full support until the culmination of the December series. Despite a promising outlook for the decentralized finance (DeFi) sector and the fixed-rate markets within, Yield Protocol's team felt the necessity of this step owing to the insubstantial demand for fixed-rate borrowing on their platform. The Yield Protocol team expressed gratitude towards their community support over the years.

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