PANews reported on June 25 that Yield.xyz, a DeFi infrastructure company, has secured $5 million in strategic financing from Multicoin Capital, according to Blockworks. The company, originally founded in 2021 as the multi-chain wallet Omni, transformed into a yield aggregation platform after being acquired this year by Echo Base, the parent company of Paxful.
Yield.xyz integrates over 200 Solana ecosystem yield sources through a unified API, providing plug-and-play DeFi yield functionality for wallets like Ledger and crypto applications. Plans for the future include expansion to traditional fintech companies such as new banks and the development of automated yield strategy features.
