Daylight aims to revolutionize the energy industry by integrating decentralized finance with real-world electricity infrastructure, with backing from leading investors.
Daylight has secured $75 million to advance its decentralized energy network, with $15 million in equity and $60 million in project financing. Led by Framework Ventures and Turtle Hill Capital, the funding will support the development of the DayFi protocol, designed to make electricity a new asset class for DeFi investors. The initiative focuses on creating a blockchain-based power grid, enhancing affordability, reliability, and user participation in energy generation.