DeFi infrastructure company Yield.xyz completes $5 million strategic funding round

According to Foresight News, as reported by Blockworks, DeFi infrastructure company Yield.xyz has completed a $5 million strategic funding round, with participation from Multicoin Capital, Lightspeed, and others.

Yield.xyz integrates staking and DeFi yields into a single API. This enables wallets, crypto applications, and digital banks to offer DeFi functionality without the need to manually integrate numerous yield platforms.