Yield.xyz receives a strategic investment of 5 million USD from Multicoin Capital
Yield.xyz, a pioneering DeFi infrastructure company, has just received a strategic investment of 5 million USD from the Multicoin Capital fund. Previously known as Omni – a multi-chain wallet launched in 2021, Yield.xyz has undergone a strong transformation after being acquired by Paxful's parent company, Echo Base, earlier this year.
Top multi-chain DeFi yield aggregation platform
Yield.xyz stands out for its ability to integrate over 200 income sources within the Solana ecosystem through standardized APIs, providing a plug-and-play DeFi experience for wallets and cryptocurrency applications like Ledger. This is a strategic springboard for expanding the yield aggregation model across multiple platforms, helping investors optimize farming and staking strategies automatically.
Expanding into traditional fintech and digital banking
Not only stopping at cryptocurrency, Yield.xyz aims to collaborate with traditional fintech companies, notably emerging digital banks. The goal is to develop a strategic system for generating automatic income, integrating more deeply into traditional financial processes, thereby expanding the application scope of DeFi for the mass customer base, providing more stable and flexible profits.
With a multi-chain development strategy and expansion into traditional fintech, Yield.xyz redefines the approach to DeFi, making it more attractive and effective for both individual and institutional users. This is a valuable opportunity for cryptocurrency investors to maximize their advantages from the Solana ecosystem as well as modern financial services.
Source: https://tintucbitcoin.com/yield-xyz-hut-von-5-trieu-usd-defi/
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