Daylight Launches DayFi Protocol to Turn Electricity Into Crypto Assets

Daylight’s upcoming DayFi decentralized energy capital market will open December 16 with a $50M vault cap, accepting USDS and USDT deposits for two months to fund tokenized solar energy investments.

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Summary

Daylight announced that its DayFi decentralized energy capital market will launch on December 16 with an initial $50 million vault cap. The platform will accept USDS and USDT deposits for two months, with funds managed by K3 Capital in Plasma’s DeFi market. Investors will receive WXPL rewards and GRID Games points in addition to returns. This marks an expansion of DayFi’s Ethereum-based model to connect DeFi capital with distributed solar projects, using tokenized assets to provide yield-bearing instruments.

Terms & Concepts
  • DayFi protocol: An Ethereum-based system designed to convert electricity into yield-generating cryptocurrency assets.
  • GRID stablecoin: A stablecoin built on M0's tech stack, fully collateralized by U.S. Treasuries and cash, used within DayFi to finance solar energy projects.
  • sGRID: A yield-bearing token in DayFi that combines Treasury interest with tokenized revenue from distributed solar installations.