Sequoia-backed DeFi startup Flint to stop yield service: Report | Startup News

Sequoia Capital-backed decentralised finance startup Flint has decided to discontinue its flagship yield offering service, YourStory reported citing an email sent to Flint users. Under the service, the Bengaluru-based firm offered users returns on their deposits of Bitcoin, Ethereum and other cryptocurrencies. The firm is reportedly stopping the service due to “increased regulatory uncertainty”.