Winding Down Yield Protocol

After careful consideration with various stakeholders, we have decided to wind down the Yield Protocol. We will not be launching a March 2024 fixed rate series. As of today, borrowing and lending is restricted to the December 2023 series, and liquidity providers for the *MS (March-September) strategies won’t accrue any further fees. On December 29th 2023 the remaining series will mature as well, ending all borrowing and lending on Yield Protocol.

We will continue to provide full support until the end of the December series, and after that we will provide support for withdrawals for a limited time. We will continue to provide updates on X (Twitter) at our @yield account. We will also continue to be available to answer questions and provide support on our Discord.

While we think that the future is bright for DeFi and fixed rate markets in DeFi, we felt this decision was necessary because there is currently not sustainable demand for fixed-rate borrowing on Yield Protocol. Additionally, the current regulatory environment in the US, combined with increasing regulatory requirements in Europe and the UK, make it challenging for us to continue to support the Yield Protocol.

We have enjoyed working on the Yield Protocol, and we thank all those that have supported us during these years. We are proud that the many contributions we have made live on in other fixed rate protocols and the wider Ethereum community.