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Cryptocurrency News Articles

Yelay Protocol Expands Yield Layer Infrastructure to the Sui Network, Unlocking Billions in Ethereum-based Liquidity

Jan 23, 2025 at 12:33 am

The integration of Yelay's Yield Layer will eventually allow native users of the Sui network to directly access blue-chip DeFi yields from established Ethereum-based platforms such as AAVE, Curve, Morpho, Gearbox, and Lido Finance

Yelay Protocol Expands Yield Layer Infrastructure to the Sui Network, Unlocking Billions in Ethereum-based Liquidity

Dubai, 22nd January, Chainwire — Yelay Protocol, a decentralised cross-chain yield infrastructure, has announced plans to integrate its Yield Layer infrastructure with the Sui Network in a bid to unlock billions in Ethereum-based liquidity for the Layer 1 blockchain.

The integration will eventually allow native users of the Sui Network to directly access blue-chip DeFi yields from established Ethereum-based platforms such as AAVE, Curve, Lido Finance, Gearbox, and Morpho, without needing to bridge assets or leave Sui's ecosystem.

This announcement comes at a critical time in the evolution of DeFi, where Ethereum continues to house over 60% of the total value locked (TVL) in the space, despite persistently high transaction fees. This concentration of capital has created a persistent challenge for emerging Layer 1 networks such as Sui: bootstrapping sufficient liquidity for their native DeFi protocols.

The integration will come in multiple phases over early 2025, with the first phase seeing Yelay's technology utilised by Launchpool pioneer Perq to release a Sui ecosystem Pod.

Pods enable users to stake Ethereum-based assets that accrue rewards from multiple projects simultaneously. In this case, the upcoming Sui Pod will allow users to stake USDC on Ethereum and claim token rewards from participating Sui ecosystem projects, alongside Yelay itself, with all rewards claimed directly on the Sui blockchain network.

This process eliminates traditional bridging risks and chain migration requirements and allows Ethereum ecosystem participants to gain exposure to other chains safely and securely.

“This moment marks a significant milestone for Yelay and our mission to abstract away yield fragmentation and create a seamless user experience for DeFi users,” said Yaroslav Writtle, Yelay Project Lead. “This integration partnership will allow for an explosion of yield-based products and services that have all the speed and low cost of Sui, with the unrivaled security and liquidity of Ethereum.”

The announcement from Yelay could have broader implications for the Layer 1 landscape, with traditional methods of bootstrapping liquidity cross-chain often relying heavily on bridged assets, which can create significant risks for users and protocols alike.

The YLAY token, powering the Yield Layer and allowing access to multiple reward streams, is now tradeable on Sui.

About Yelay

Yelay provides cutting-edge multichain yield infrastructure through the Yield Layer, designed to empower Web3 builders with a powerful plug-and-play toolbox to transform crypto yield into things customers really want. With 40+ integrations into the biggest and best blue-chip DeFi protocols, Yelay enables fast, efficient, and fully decentralised development of sophisticated, diversified, fully automated financial products and derivatives for businesses of any size.

Website | X.com | Telegram | Discord

About Faculty Group

Faculty Group is a collective of blockchain-native companies that builds, invests in, and advises Web3 innovators. With over 100 staff worldwide, Faculty provides investment capital for early-stage projects, underpinned by a comprehensive suite of venture-building services — including product development, market making, token economics, and marketing — all under one banner.

Press Inquiries for Yelay:

Arvin Nathan, PR arvin@x8c.io

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Other articles published on Jan 23, 2025