Veda Secures $18M to Revolutionize DeFi Yield for Institutions and Apps!

DeFi infrastructure firm Veda has successfully completed an $18 million funding round led by CoinFund, marking a significant step towards simplifying decentralized finance (DeFi) for a broader audience. This substantial investment will empower Veda to enhance its platform, making it easier for both cross-blockchain applications and institutions to access and manage DeFi yield opportunities.

Veda's core mission is to streamline the often-complex world of DeFi yield. The newly acquired funds will directly support the development of their innovative platform, designed to help applications and institutions offer streamlined crypto yield products.

A key component of Veda's offering is its modular vault framework. This powerful tool enables developers to create sophisticated smart contracts that effectively manage diverse yield strategies. Crucially, this framework shields users from the underlying complexities of DeFi, offering a seamless and user-friendly experience.

With this significant funding, Veda is set to accelerate its efforts in bringing the benefits of DeFi to a wider range of users, making crypto yield more accessible and less daunting than ever before.