Yield.xyz, a DeFi infrastructure firm, has secured a $5 million strategic investment from Multicoin Capital, marking its exit from stealth mode. The company aggregates staking and DeFi yields through APIs, facilitating wallet and crypto app integration without manual coding of multiple yield venues. Yield.xyz, formerly Omni, began as a multichain wallet app and was acquired by Echo Base, the owner of Paxful. This investment supports Yield's aim to cater to traditional fintech firms and develop an automated yield strategy based on aggregated DeFi rates. Co-founder Serafin Lion Engel noted that some clients faced issues with maintaining complex backend systems created by numerous employees. Yield.xyz's solution provides access to over 200 yield sources on Solana, allowing businesses to simplify integration, reduce costs, and enhance user experiences. The company is also poised to innovate further within the growing stablecoin market, helping users attain yield on their deposits.

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