DeFi lending initiative Yield Protocol to stop operations by year's end

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DeFi lending initiative Yield Protocol to stop operations by year's end

DeFi lending initiative Yield Protocol said on Wednesday it will discontinue operations by year's end, citing reduced interest and regulatory hurdles.

The final series of the project, scheduled for December 2023, will end on Dec. 29, marking the end of all lending and borrowing activities.

As an additional challenge, S., Europe and the U.K. are not able to tackle the challenges of the migrant crisis.

While the protocol boasted a peak total value of more than $22 million in April 2022, this number has since shrunk to about $2 million.

The report highlights the interconnectedness of traditional and digital financial systems.

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