RWA News: a16z-Backed Daylight Brings Electricity Markets Onchain with New DeFi Protocol
Daylight launched the DayFi protocol on Ethereum to tokenize electricity cash flows, bridging DeFi capital to solar power installations.Summary
Daylight, a decentralized energy startup supported by a16z crypto and Framework Ventures, has launched DayFi, a new Ethereum-based protocol designed to create "capital markets for decentralized energy" by turning electricity cash flows into a crypto-native, yield-bearing asset. This initiative addresses the bottleneck in energy demand growth caused by slow traditional capacity installation by leveraging distributed energy systems. DayFi fits into the broader trend of tokenizing Real-World Assets (RWAs) by using crypto-native tools like token incentives and permissionless vaults to streamline financing and coordination for distributed solar infrastructure. The protocol uses two tokens: GRID, a non-yielding stablecoin collateralized by Treasuries, and sGRID, the yieldcoin, which combines Treasury interest with revenue from Daylight's solar installations. Investors deposit stablecoins into vaults to finance solar and battery systems, receiving yield tokens representing the tokenized cash flows from power contracts and grid incentives.
(Source：CoinDesk)