Daylight is combining electricity markets with blockchain.

Innovative DeFi Protocol Introduced

Daylight, supported by a16z and Framework Ventures, has launched a new decentralized finance (DeFi) protocol on Ethereum. This protocol aims to transform electricity into a cryptocurrency that generates profit.

Responding to Energy Demand

DayFi aims to create capital markets for decentralized energy, addressing the rising energy demand from data centers. This innovative structure plans to overcome energy price fluctuations by operating with a hybrid system.

Financing Model

The protocol utilizes GRID stablecoin and sGRID yield token to finance solar energy installations. By offering tokenized returns to investors, it aims to contribute to sustainable energy investment.