[BTC Yield Protocol Structured Announces Platform Closure and Opens User Redemption] BTC yield protocol Structured has announced the closure of its platform and opened user redemption. The project originally planned to provide a sustainable BTC yield strategy with recyclable leverage, achieving approximately 84 BTC TVL and a historical annualized yield of about 5%–7%. Since its public beta launch last October, users have on average increased their holdings by about 1%. The team stated that in the current bear market environment, high JLP entry and exit fees and declining market liquidity have led to strategy fee rates and drawdowns that can no longer be covered by yields, making the current risk-reward no longer viable. All funds are now held in WBTC form, and users can redeem on the Ethereum mainnet at a rate of 1 maxBTC = 1.009240684 WBTC.