ChainCatcher reports that Daylight has launched a new protocol called DayFi on Ethereum today, aiming to convert electricity into yield-bearing crypto assets. The protocol provides financing for solar installations and returns tokenized yields to investors through a combination of the GRID stablecoin and sGRID yield tokens, addressing the growing electricity demand in sectors such as data centers and electric vehicles. Daylight founder Jason Badeaux stated that distributed energy offers the fastest and most cost-effective way to scale energy production and storage on the grid. Currently, Daylight operates in Illinois and Massachusetts, with plans to expand into additional U.S. regional markets such as California.
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