A16z-Backed Daylight Introduces DayFi DeFi Protocol
- Daylight launches DayFi to tokenize electricity on Ethereum ETH +6.79% .
- Secures $75 million in new financing.
- Offers yield directly tied to electricity revenues.
Daylight, supported by a16z crypto and Framework Ventures, launched DayFi, an Ethereum-based DeFi protocol that tokenizes electricity revenues, providing yield-bearing crypto assets.
This initiative transforms electricity into an on-chain asset class, offering investors exposure to energy revenue streams, potentially influencing DeFi markets seeking new yield opportunities.
Daylight Energy, backed by a16z crypto, launches DayFi, a DeFi protocol on Ethereum.
Jason Badeaux, founder, describes DayFi’s aim to connect DeFi capital to solar energy infrastructure. It tokenizes electricity cash flows into crypto assets.
The launch may impact energy and finance sectors by opening channels for new investment flows in renewable energy. DeFi capital is directly connected to solar and battery revenues.
“Through DayFi, investors can earn yield tied directly to electricity revenues from the Daylight Network’s growing portfolio of solar and storage systems. This transforms electricity into a new asset class, unlocking direct exposure to electricity growth for the first time.”
Considering historical trends, DayFi might set a precedent for future DeFi projects integrating real-world assets.
Potential regulatory responses could reshape how crypto intersects with traditional energy markets. Technological innovations will likely continue to emerge in this evolving space.
