Veda has integrated with Privy, providing over 2,000 development teams with a yield vault similar to Kraken DeFi Earn.

On June 2nd, The Block reported that Veda, a vault infrastructure provider, has opened its enterprise-grade vault stack to over 2,000 development teams within the Privy ecosystem (acquired by Stripe) through a self-service API. Previously, the vault was only accessible through bespoke partnerships with Kraken DeFi Earn and EtherFi Liquid. This integration enables developers to offer Privy embedded wallet users multi-protocol, decentralized stablecoin yield products and to set their own premium rates. Veda states that its vault is built on the non-custodial BoringVault standard, supports major stablecoins, and intends to expand to more EVM chains and Solana following its official launch. Access is currently via a waiting list, with a full rollout anticipated next month.