DeFi infrastructure company Veda completes $18 million financing, led by CoinFund

ChainCatcher news, according to CoinDesk, DeFi infrastructure company Veda announced the completion of a $18 million financing round, led by CoinFund.

The company aims to simplify DeFi yields for cross-blockchain applications and institutions. The new funding is intended to support its platform to enable applications and institutions to offer streamlined crypto yield products, including a modular vault framework that allows developers to create smart contracts to manage yield strategies without exposing users to the complexities of DeFi.