We’re thrilled to announce we’ve led @veda_labs' $18M Series A! Here’s why CoinFund Partner and Director of Research @EvanTheFeng is bullish on vaults and how the team approaches building one of the most transformative technologies in DeFi 🧵

2/ DeFi faces two major challenges today: - Complex and poor user experience - Low composability for assets deposited in smart contracts How can projects address these concerns to onboard consumers and institutions while preserving self-custody, transparency and security?

3/ Veda solves this problem through its vault infrastructure platform. A vault is a smart contract that holds user deposits and applies a strategy to generate yield or execute a financial function.

4/ With Veda’s BoringVault framework, developers can create vaults for any DeFi use case, from LRTs to yield-bearing stablecoins. Since its March 2024 launch, Veda has amassed nearly $3.5B in TVL and has powered vaults for @PlasmaFDN, @ether_fi, @lombard_finance & more.

5/ Veda was founded by CEO @sunandr_, COO @GoodStephV and CTO @JosephTerrigno, and we’re honored to partner with their team of world class developers and company builders who bring a wealth of DeFi experience from their previous ventures including launching vaults at Sommelier.

6/ To learn more about why we’re excited to partner with Veda, check out our blog: