 | VedaVeda is a native yield infrastructure designed for protocols and applications within the DeFi ecosystem. Users deposit assets into Veda’s contracts, which then deploy that capital across various DeFi protocols to generate yield. Funding Round: $18M IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Veda
Veda is a DeFi vault primitive, which is a protocol-level mechanism for pricing, accounting, securing, optimizing, and automating capital. Designed to be non-custodial, trust-minimized, and composable, Veda empowers businesses, asset issuers, protocols, chains, wallets and applications to build enterprise-grade DeFi products without reinventing complex smart contract and offchain infrastructure.
By abstracting away the intricacies of cross-chain operations, yield optimization, and risk mitigation, Veda significantly lowers the barriers to entry for onchain finance for both consumer and institutional participants. Protocols integrating Veda can seamlessly onboard users with transparent safeguards in real time.
Veda has demonstrated consistent market leadership in the vault and curation category. Notable achievements include:
- Recognized as the largest vault provider and curator in DeFi, securing over $3 billion in TVL with over 100k users
- Developed the BoringVault, the most widely used vault standard across DeFi
- Onboarded the first vault token, eBTC, onto Aave's main market
- Distributed in Binance Web3 wallet and ByBit Web3 wallet
DetailsRaised: 21,200,000 USDLegalRegistration country: United StatesRegistration year: 2024 Office address: 1209 Orange Street Wilmington, DE 19801 United States |
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