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

CoinFeed reported on June 2nd that, according to The Block, Veda, a vault infrastructure provider, announced the opening of its enterprise-grade vault stack to over 2,000 development teams within the Privy ecosystem (acquired by Stripe) via a self-service API. Previously, the vault was only available through customized partnerships with Kraken DeFi Earn and EtherFi Liquid. This integration allows developers to provide Privy embedded wallet users with multi-protocol, decentralized stablecoin yield products and customize their own premium rates. Veda states that its vault is based on the non-custodial BoringVault standard, supports mainstream stablecoins, and plans to expand to more EVM chains and Solana after its official launch.