The Structured Bitcoin Yield Protocol concludes four months after its initiation., 2026/02/22 16:31:42

The decentralized protocol Structured, which promised clients returns through tokenized versions of Bitcoin and other derivative instruments, has announced the cessation of its operational activities. The management has assured full reimbursement of assets to investors.

The developers clarified that the decision to shut down the project stemmed from the inability to maintain a sustainable economic model under the current market conditions. The primary factors cited were high operational costs and substantial fees for entering and exiting positions using leverage (JLP), which diminished the profits received by clients. This ultimately led to a decrease in liquidity on the platform, according to Structured. 

The project’s leadership acknowledged that in the context of a bearish trend, the protocol’s strategies ceased to generate sufficient income to cover drawdowns and fees. Consequently, a risk-return imbalance emerged that the platform could not overcome.  

Users’ funds were converted into Wrapped Bitcoin (WBTC) and are available for withdrawal via the Ethereum network, the Structured team reported. The exchange rate for fund withdrawals has been set at 1 mxBTC = 1.009240684 WBTC.  

The protocol was launched in October 2025. The total value locked (TVL) reached 84 BTC, with annual yields fluctuating between 5% and 7%. Since its public launch, users of Structured have increased their Bitcoin holdings by approximately 1%, while some participants who made private deposits in the early stages saw increases of up to 2.7%, the platform stated. 

On Monday, February 16, the crypto lending platform ZeroLend also announced its shutdown due to liquidity issues and rising cyber threats.