币界网报道：This is a snippet from the Lightspeed newsletter. To read the full version, subscribe. DeFi infrastructure company Yield.xyz has emerged from stealth mode and raised $5 million in strategic funding from Multicoin Capital, Lightspeed has learned exclusively. Yield.xyz aggregates staking and DeFi yields into a single set of APIs. This enables wallets, crypto apps, and neobanks to offer DeFi functionality without having to manually integrate with a multitude of yield venues. In the future, the platform aims to offer more automated yield strategies where DeFi yields can be abstracted away and built around a user’s risk appetite. Yield.xyz, formerly known as Omni, got its start during the 2021 crypto cycle as a multichain wallet app. Earlier this year, the company was acquired by Echo Base, the company behind peer-to-peer cryptocurrency marketplace Paxful. With a rebrand and new funding from Multicoin, Yield is now focused on universal yield integrations. Cryptocurrencies allow developers to spin up new pools essentially instantly. This can be dopamine-inducing for users, but it’s a pain point for user-facing apps. Yield has noticed that some of its clients hire 20 or more employees to piece together DeFi APIs and create “backend Frankensteins,” co-founder Serafin Lion Engel told me. When employees leave a wallet or app company, it’ll be costly to figure out how to maintain the codebase, he added.With Yield.xyz, apps can access hundreds of staking and DeFi integrations simply by integrating a single API, Lion Engel said.It’s the largest yield provider to cryptocurrency wallet Ledger by number of integrations.Yield.xyz’s infrastructure provides access to more than 200 yield sources on Solana, according to a tracking sheet viewed by Blockworks.That number could grow further as the company gains support from Solana’s consortium Multicoin, giving Yield “a front-row seat to everything that’s happening on Solana,” Lion Engel said.In the future, Yield hopes to attract more traditional fintech companies, like neobanks.It also hopes to create an automated yield strategy so deposits can be automatically rebalanced and potentially create something like a unified DeFi yield. The need for these developments will likely be driven by an explosion in demand for stablecoins. “Right now you can easily come in and get stablecoins. What’s really next is being able to earn yield on them,” said Lion Engel. Get news in your inbox. Explore the Blockworks newsletters:The Breakdown: Decoding crypto and markets. Daily. Empire: Crypto news and analysis to kickstart your day. Forward Guidance: The intersection of crypto, macroeconomics, and policy. 0xResearch: Get Alpha straight to your inbox. Lightspeed: All about Solana. The Drop: Apps, games, memes, and more. Supply Shock: Bitcoin, bitcoin, bitcoin.