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DeFi infrastructure firm Yield.xyz has exited stealth with a $5 million strategic round from Multicoin Capital, Lightspeed has learned exclusively. 

Yield.xyz aggregates staking and DeFi yields into one set of APIs. This lets wallets, crypto apps and neobanks offer DeFi functionality without having to manually integrate a laundry list of yield venues. Down the line, the platform aims to offer a more automated yield strategy, where the DeFi yield rate can be abstracted away and built around users’ risk appetites. 

Yield.xyz, which was formerly known as Omni, got its start in the 2021…

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