Veda has raised $ 18M to expand Defi Vault infrastructure power over $ 3.7B in assets
See you, a Decentralized Finance (DEFI) Infrastructure firm, said it raised $ 18 million in a coinfund -led to support its platform, which provides apps and institutions to offer simplified Crypto yield products.
The main startup product is a modular vault framework that gives developers to create smart contracts to manage yield techniques without exposing users to the complexity of the defi, the company said.
The vaults, developed by Veda’s boringvault standards, support a range of applications including restoring tokens, yield-bearing stablecoins and on-chain saving accounts.
Veda said it processed deposits from more than 100,000 users on a growing network of defi protocols and fintech platforms since its debut in March 2024.
This includes products such as EBTC and Weeths of Ether.FI, Weeths, Plasma’s Vault, and pre-deposit campaigns for Berachain and TAC. Wallets like Binance Wallet and Bybit Web3 also include infrastructure.
Veda has already managed more than $ 3.7 billion in total amount locked and plans to partner with a top-five-centralized crypto exchange in the near future, it added.
The increase also found participation from Coinbase Ventures, Animoca Ventures, GSR, Mantle Ecofund, BitGo, and Draper Dragon among others.
