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Veda collects $ 18 million to expand the cellar -yielding platform in Crosschain in Defi

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The VEDA financing protocol collected $ 18 million to accelerate the adoption of its cellar platform, which enables the assets exporters to build cross -yield products, including the bearing Stablecoins.

The financing round led Coinfund, with additional participation of Coinbase Ventures, Animoca Ventures, Bito, Mantle Ecofund, GSR, Relayer Capital, Peer VC, Draper Dragon, Credit Neutral, NeartCore and Maelstrom, the company was unveiled on Monday.

Among the owners of the owners Via, the founders participating in the marina and ether. Fi and polygon.

Veda was launched in 2024, a protocol for the symbol of a wide range of Defi applications, including distinctive liquid symbols, savings accounts carrying return and nails. It supports some of the largest cellars in the encryption space, as it operates platforms such as Ether.fi’s Liquid, Mantle’s Cmeth and Lombard Defi Vauul.

The total cash value of the closed assets on Veda has crashed 3.3 billion dollars, according to industry data.

*The total value of Veda (TVL) has increased since the end of 2024. Source:* *Devilia*

Veda has set a growing demand for Bitcoin (BTCGetting the return, despite its challenges.

“The demand for the bitcoin that can be relied upon is high, but the harvest of modest return is often complicated and time to take a long time,” said Sun Ragupathi, one of the founders of Veda, for Cointelegraph.

Veda addresses this challenge through its partnership with Lombard, developer Bitcoin liquid liquid On Babylon.

The growth that carries the return to the return

Coinfund in Vera partially reflects its growing conviction Stablecoin adoption It accelerates and brings more wealth on Onchain.

“The next next step for wealth in Onchain is to earn the return and make your assets (FIAT or digital assets) a product.

When asked about the appearance of the back -to -back Stablecoins, which it was reported The traditional bank lobby disturbedBakman described them as “inevitable”, adding that they are “a more suitable way to earn low -risk returns on Fiat than traditional bank accounts and money market accounts.”

He added: “I agree that once we have more and more stablecoins that carry the return, traditional bank savings accounts will be at risk and need to develop.”

*The Stablecoin Market Leaderboard. source:* *rwa.xyz*

CEO Jeremy Aller will kick Stablecoin’s accreditation has recently said, as these assets are expected soon “IPHONE”.

Usdc (Circle (Circle)USDCThe second largest stablecoin, with more than $ 61 billion in circulation. UTETAR Usdt (USDTIt is the largest of about $ 156 billion.