Yield Protocol

Yield

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<ul class="news-points"> 
 <li>Yield Protocol, a prominent DeFi player, is winding down its operations.</li> 
 <li>The March 2024 fixed-rate series launch has been abandoned.</li> 
 <li>Borrowing and lending activities are limited to the December 2023 series.</li> 
</ul> 
Yield Protocol, a prominent player in the world of <a href="https://coinedition.com/what-is-defi-lets-understand-decentralized-finance/">decentralized finance (DeFi)</a>, has made a solemn <a href="https://yield-protocol.medium.com/winding-down-yield-protocol-0974b38066cc" target="_blank" rel="nofollow">announcement</a> regarding its future. After extensive deliberation with various stakeholders, the team behind the Yield Protocol has decided to wind down their operations. 
One casualty of the team’s decision is the abandonment of the much-anticipated March 2024 fixed-rate series launch. 
As of this moment, borrowing and lending activities are confined to the December 2023 series, and liquidity providers involved in the March-September (MS) strategies will no longer accrue any fees. 
On December 29th, 2023, the remaining series will mature, officially drawing the curtains on all borrowing and lending activities associated with the Yield Protocol. However, it’s not a complete shutdown just yet. 
The Yield Protocol team has committed to offering full support until the conclusion of the December series. Additionally, they will provide limited-time support fo…
The post <a rel="nofollow" href="https://coinedition.com/yield-protocol-announces-closure-cites-reasons-for-the-decision/">Yield Protocol Announces Closure, Cites Reasons for the Decision</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Yield Protocol Announces Closure, Cites Reasons for the Decision

Coin Edition

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