The fixed-rate agreement of Paradigm's investment, Yield Protocol, will cease operations

ChainCatcher news, the decentralized fixed-rate lending protocol Yield Protocol has announced that it will cease operations, with insufficient demand and an uncertain regulatory environment being the key driving factors behind the decision to stop operations. The platform peaked in April 2022, attracting over $22 million in TVL, while the current TVL is just over $2 million. According to RootData, Yield Protocol completed a $10 million funding round in June 2021, with participation from Paradigm, Framework Ventures, CMS, and Robot Ventures.