Yield.xyz Secures $5M from Multicoin to Streamline DeFi Infrastructure

DeFi infrastructure startup Yield.xyz has emerged from stealth with a $5 million strategic investment led by Multicoin Capital. The platform aggregates staking and decentralized finance yields into unified APIs, enabling wallets, crypto applications, and neobanks to integrate DeFi functionality without managing multiple yield sources manually.

Formerly known as Omni, Yield.xyz originated as a multichain wallet during the 2021 crypto cycle before being acquired by Paxful's parent company, Echo Base. The rebranded entity now focuses on simplifying yield integrations for developers, addressing the operational headaches of maintaining fragmented backend systems.

"Clients were employing teams of 20+ engineers to stitch together DeFi APIs—creating unsustainable 'backend Frankensteins,'" revealed co-founder Serafin Lion Engel. The solution abstracts yield complexity while allowing customization for risk tolerance, potentially accelerating institutional adoption of DeFi primitives.