Daylight, backed by a16z, launches the DayFi protocol to turn electricity into crypto yield assets.

2025-12-09 14:20:22

Abstract generation in progress

According to TechFlow, on December 9, CoinDesk reported that blockchain startup Daylight, backed by a16z and Framework Ventures, launched a new protocol called DayFi on Ethereum on December 9. The protocol aims to transform electricity into yield-generating crypto assets. By combining the GRID stablecoin and sGRID yield token, the protocol provides financing for solar installations and returns tokenized yields to investors in response to the growing electricity demand from sectors such as data centers and electric vehicles. Daylight founder Jason Badeaux stated that distributed energy offers the fastest and most cost-effective way to scale energy production and storage on the power grid. Daylight is currently operating in Illinois and Massachusetts and plans to expand to more U.S. regional markets, including California.

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