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Yield.xyz Secures $5M from Multicoin to Slay ’Backend Frankensteins’ in DeFi
Yield.xyz Secures $5M from Multicoin to Slay ’Backend Frankensteins’ in DeFi
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DeFi just got a $5M shot in the arm—and a promise to kill the monster under its bed.
Yield.xyz's fresh funding round, led by Multicoin Capital, targets the duct-taped infrastructure haunting crypto's backend. No more jury-rigged solutions. No more Frankenstein tech stacks.
The Pitch: One Protocol to Rule Them All
The team claims their architecture bypasses the patchwork systems bogging down yield platforms. Think: fewer hacks, fewer exploits, fewer 'we're-pausing-withdrawals' tweets.
The Catch?
Even $5M might not exorcise DeFi's demons. But hey—at least VCs aren't dumping this cash into another 'AI-powered' rug pull.
Active development starts Q3. The market's watching. The Frankensteins? They're sweating.
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