DeFi infrastructure company Veda raises $18 million in funding

DeFi infrastructure company Veda has announced the completion of an $18 million funding round led by CoinFund. The company aims to simplify DeFi yield generation across blockchain applications and institutions. The new funds are intended to support its platform, enabling applications and institutions to offer streamlined crypto yield products. This includes a modular vault framework that allows developers to create smart contracts to manage yield strategies without exposing users to the complexities of DeFi.