DeFi has always been known for its complexity, which has been a major roadblock to mainstream adoption. However, Veda, a DeFi infrastructure firm, has managed to overcome this barrier by abstracting the complexity of DeFi and recently raised $18 million in funding to expand its vault system to a wider range of financial platforms.
The funding round, led by CoinFund and with participation from Coinbase Ventures, Animoca Ventures, GSR, and other prominent investors, marks a significant milestone for Veda. The company’s modular vault system has already attracted over 100,000 users and integrated with numerous protocols since its launch in early 2024. Now, Veda is looking to integrate its infrastructure into wallets, fintech apps, and exchanges, beyond the crypto-native ecosystems.
Veda’s vault system operates as a financial API layer, handling cross-chain yield strategies, risk management, and execution while providing a seamless user experience for integrated platforms. By abstracting the complexity of DeFi yield generation, Veda aims to standardize yield-bearing activities into modular smart contracts that can be easily integrated into various applications.
The interoperability of Veda’s vaults has made them a foundational component for protocols like Ether.fi and Mantle, rather than competitive products. This approach not only simplifies the development process for developers but also provides scalable, yield-generating features for platforms without requiring users to understand the intricacies of DeFi.
Ultimately, Veda’s goal is to make DeFi invisible to users, allowing them to earn yield or staking rewards through familiar interfaces without having to navigate the complexities of the underlying technology. By focusing on simplicity and ease of use, Veda is reshaping the DeFi landscape and paving the way for broader adoption in mainstream finance.