TechFlow news, December 9 — According to CoinDesk, Daylight, a blockchain startup backed by a16z and Framework Ventures, launched a new protocol called DayFi on Ethereum on December 9, aiming to transform electricity into yield-generating crypto assets. The protocol combines the GRID stablecoin and sGRID yield-bearing tokens to finance solar installations and return tokenized returns to investors, addressing the growing electricity demand from data centers, electric vehicles, and other sectors. Jason Badeaux, founder of Daylight, said distributed energy offers the fastest and most cost-effective way to scale energy production and storage on the grid. Currently operating in Illinois and Massachusetts, Daylight plans to expand into more U.S. regional markets including California.
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