Daylight is launching a new DeFi protocol called "DayFi," bringing the electricity market onto the blockchain.

BlockBeats News, December 9th, According to CoinDesk, Daylight, a decentralized energy startup backed by a16z crypto and Framework Ventures, launched a new protocol on Ethereum on Tuesday, aiming to convert electricity into income-generating crypto assets.

The protocol, named DayFi, aims to build a “decentralized energy capital market,” said Daylight founder Jason Badeaux in an interview.