ChainCatcher news, according to the official announcement, based on the latest assessment results, Binance will stop the fixed interest rate service for 7-day and 30-day staking loans on September 2, 2024, at 12:00 (UTC+8).Starting from September 2, 2024, at 12:00 (UTC+8), users will not be able to create new fixed interest rate orders for staking loans or extend existing orders, including users using the SAPI endpoint. It is recommended to stop using the relevant endpoints before the above date. Ongoing fixed interest rate orders for staking loans will not be affected until the orders expire.Note: VIP loan fixed interest rate orders are not affected by this service update.

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.

ChainCatcher news, according to CoinDesk, the developer of the fixed-rate DeFi platform Term Finance, Term Labs, has completed a $2.5 million seed round financing, led by Electric Capital, with participation from Circle Ventures, MEXC Ventures, Coinbase Ventures, Robot Ventures, and others.It is reported that Term Finance plans to launch at the end of March, and the newly raised funds will be used to build the Term Finance protocol. (Source link)