DeFi Project Yield Protocol to Wind Down by Year’s End
At its peak in April 2022, Yield Protocol had over $22 million in total value locked, but this figure has since dwindled to around $2 million.
Lending
Coinbase Creates New Crypto Lending Service Geared Toward Large Investors
Coinbase (COIN) raised $57 million for the platform as of Sept. 1, according to an SEC filing.
Default of Tokenized Loans on Centrifuge Puts MakerDAO’s Investment at Risk
DeFi giant MakerDAO has lent $1.8 million of DAI stablecoin to the tokenized credit pool under distress.