0/ Excited to announce that Multicoin led a $5M round in @yield_xyz !

1/ A few things we've noticed in crypto over the last 8 years since launching Multicoin is that a) yield is one of the biggest TAM markets in the space, 2) yield is becoming more fragmented across chains, strategies, vaults, yield bearing stablecoins, RWAs, staking, LP'ing, etc

2/ Getting digital dollars in the hands of people all over the world is one of the killer use cases of permisionless blockchains. What I hear from many companies working on this is that the first question users ask when they get digital dollars is: “can I get yield on this?”.

3/ If you're building a front end, fintech app, stablecoin wallet, neobank, tradfi institution, hardware wallet, etc, how do you even start to think about which chains and yields to support?

4/ It may sound easy on the surface to build this in house, but there’s a lot of complexity: metadata APIs, vendor contracts, reporting data, reg compliance if you only use KYC’d pools, risk management, notification services, maintaining and upgrading connections, etc.

5/ That's where comes in. They have a yield API for front ends and wallets to embed yield functionality directly into their apps, both DeFi and staking handles all of the complexity, speeding up shipping timelines dramatically

6/ The platform currently powers yield generation for over 1,500 strategies across 75+ blockchain networks, if that tells you anything about how hard a manual integration process would be

7/ In addition to the company's API, it has also developed Optimized Allocator Vaults (OAVs). OAVs automanage and abstract the complexity of managing thousands of yield-generation strategies—from routing and bridging of input tokens to reinvesting and harvesting incentive tokens

8/ This aligns strongly with our long term thesis for DeFi which is that DeFi rails are backends, and wallets and hyper localized front ends will own the customer relationship. Users won't even know what protocols they’re using underneath. And enables this

9/ By being an aggregator, can benefit from economies of scale and drive pricing power for wallets and front ends, such as getting preferred reward sharing from validators by sheer size, improved margins from DeFi protocols, etc.