Veda, a DeFi infrastructure provider, has secured $18 million in a funding round led by CoinFund.
Veda's Funding
Veda, a company in the DeFi space, has completed an $18 million funding round with active participation from CoinFund. Other investors included Coinbase Ventures. The aim of the investments is to expand Veda's platform to simplify DeFi yield offerings across various blockchains.
Impact on the DeFi Market
Veda's funding highlights the strategic importance of simplifying DeFi yield products for broader adoption. This investment could enhance liquidity in the DeFi market, creating further opportunities for blockchain-based yield strategies. Veda aims to reduce complexities, improving user access to on-chain yield without sacrificing control.
Future of Veda and DeFi
On a technological level, Veda's infrastructure could make DeFi more user-friendly, potentially attracting more traditional investors. Increased institutional interest is expected to influence DeFi applications across multiple blockchains, affecting assets such as ETH and BTC. A continued focus on self-custody and transparency may set Veda apart from competitors, leading to long-term benefits as DeFi gains mainstream attention.
Thus, Veda is an important example of how funding can influence the development of DeFi by facilitating access to complex financial tools.
