💡 Daylight’s $75M Shock: Will DeFi Power Your Toaster?

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Finance

What to know:

  • Daylight, in a dazzling display of financial acrobatics, has conjured $75 million from the ether to weave a decentralized energy network. 🕸️ Their mission? To marry DeFi capital with the hum of real-world power lines. A bold tango, indeed.
  • The spoils include $15 million in equity, led by the ever-astute Framework Ventures, and a whopping $60 million in project financing from Turtle Hill Capital. 🤑 Backing from a16z crypto, M13, and others ensures this isn’t just a pipe dream-it’s a gilded one.
  • Enter DayFi, a protocol so audacious it dares to turn electricity into an on-chain asset. 🌩️ Investors, rejoice! Now you can trade electrons like NFTs, though hopefully with fewer regrets.

Ah, Daylight-a company so enamored with blockchain it’s decided to rewrite the laws of physics. 🧲 On Thursday, they announced a $75 million haul to expand their decentralized power network, because why let utilities monopolize the fun?

The funding breakdown? A tidy $15 million in equity, courtesy of Framework Ventures, and $60 million in project financing from Turtle Hill Capital. 🧮 Toss in a16z crypto, M13, EV3 Ventures, Lerer Hippeau, and a few other deep pockets, and you’ve got a party.

Their grand vision? The Daylight Network, a decentralized electric grid promising affordability and reliability. 🌍 How? By cutting out the middlemen and letting capital waltz directly into power generation. Revolutionary? Perhaps. Overly ambitious? Almost certainly.

At its heart lies DayFi, a DeFi protocol that treats electricity like a digital commodity. 💡 Imagine your toaster running on blockchain-because who needs simplicity when you can have complexity?

Daylight’s dream: an energy infrastructure built by the community, for the community. 🏡 Users can contribute, profit, and maybe, just maybe, short-circuit the system. After all, what could go wrong with decentralized power?

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2025-10-16 22:59