Veda Secures $18 Million to Enhance DeFi Yield Solutions

According to Foresight News, DeFi infrastructure company Veda has announced the completion of an $18 million funding round led by CoinFund. The company aims to simplify DeFi yield processes for cross-blockchain applications and institutions. The newly acquired funds will be used to support Veda's platform, enabling applications and institutions to offer streamlined crypto yield products. This includes a modular vault framework that allows developers to create smart contracts for managing yield strategies without exposing users to the complexities of DeFi.