Veda

The business model centers on providing this infrastructure as a service, essentially acting as a DeFi engine for financial apps. Veda's technology, particularly its 'BoringVault' standard, is a system of smart contracts that manage user deposits and execute financial strategies to generate returns. This framework is designed to be modular and protocol-agnostic, supporting various assets and chains, allowing partners to launch customized, white-labeled DeFi products such as liquid restaking tokens (LRTs), yield-based stablecoins, and on-chain savings accounts. By using Veda, platforms can offer their end-users a one-click experience to earn yield without needing to understand the underlying mechanics of bridging assets or interacting with multiple protocols.

Since its launch in March 2024, the company has seen significant traction, securing over $3.7 billion in total value locked (TVL) and attracting more than 100,000 depositors. In June 2025, Veda announced it had raised $18 million in a funding round led by CoinFund, with participation from notable investors like Coinbase Ventures, Animoca Ventures, and Draper Dragon. This capital is intended to expand its enterprise services and further develop the platform's capabilities. Veda's infrastructure has been integrated by prominent DeFi projects including ether.fi, Plasma, and Lombard, and is distributed in wallets such as Binance Wallet and Bybit Web3.