Native Yield Layer Veda’s TVL Surges to $700M with Ether.Fi Integration
Native yield layer Veda announced Thursday that its technology has been integrated to improve liquid staking project Ether.Fi’s recently launched Liquid product line.
In a statement, Veda said its user base has exploded, reaching over 26,000 within three months. This growth has positioned it among the top 30 DeFi protocols on Ethereum, with its TVL nearing $700m, it added.
Teaming up with platforms like Ether.Fi allows Veda to unlock certain benefits. These include increased liquidity for specific tokens (e.g., eETH) and a surge of new users drawn to DeFi’s potential through Veda’s user-friendly interface.
Veda lets users optimize their assets across different blockchains and DeFi protocols, even the most complex ones. This empowers developers to create custom “yield-generating tokens” tailored to individual user needs.
The protocol builds on the foundation laid by Blast and Ethena in native yield technology, and it’s not stopping there. More partnerships and improvements are on the horizon. Currently, Veda grants access to a growing list of DeFi’s essential building blocks, including established names like Pendle, Aave, Morpho Blue, and Gearbox.
“We’re thrilled with the decision to use Veda’s technology, which represents the next evolution in DeFi by providing a platform that is both secure and dynamic enough to tap into yields that would otherwise be difficult to access for the average user,” Veda co-founder Sunand Raghupathi said in a statement.
“By essentially tokenizing various DeFi positions, Veda marks a substantial push towards making DeFi yields in the digital assets realm readily available to the growing number of crypto users globally.”
Veda prioritizes security by using verifiable on-chain restrictions, Raghupathi
