MetaMask has selected Veda to power the yield functionality behind Money Account, a new self-custodial account that lets tens of millions of MetaMask users opt in to earn up to 4% variable APY* on their Money Account balance and spend directly from their account.

Money Account is the first integrated expression of MetaMask’s evolution beyond trading into everyday financial utility, giving users the ability to earn onchain yield powered by Veda’s vault infrastructure. Money Account is also compatible with the MetaMask Card, meaning balances can be used to make payments at hundreds of millions of merchants where Mastercard is accepted worldwide. 

“This launch reflects a broader shift across fintech: Stablecoin issuance, embedded yield, and crypto cards are increasingly becoming one product bundle,” said Veda CEO and Co-founder Sun Raghupathi. “Veda’s vault infrastructure is complementary to all three. It helps optimize DeFi liquidity for new stablecoins, generates meaningful yield for users, and keeps balances compatible with real-world payments.”

Built to grow 

Veda gives MetaMask a foundation that can expand over time. An onchain yield product may start with one chain and one strategy, but market conditions rarely allow products to stay that simple. Veda’s multiprotocol vault infrastructure gives teams the flexibility to add new protocols, assets, chains, liquidity features, and user experiences without rebuilding the product from scratch.

Once a user deposits into their Money Account, funds are converted to mUSD, MetaMask’s dollar-denominated stablecoin issued by Bridge (a Stripe company) and powered by M0’s modular stablecoin infrastructure, and routed through a dedicated Veda vault on Monad, a high-performance EVM blockchain. 

The vault then executes a yield strategy determined by its curator, Steakhouse Financial. At launch, the vault allocates to Morpho, with Aave markets to be added at a later date. The vault conducts accounting, handles deposits and withdrawals, and autocompounds yield. Earnings accrue continuously and are reflected in the Money Account balance in real time.

Unlike other blockchain-based products, Money Account doesn’t require users to manually send funds, read code, sign transactions, pay gas or conversion fees, or directly engage with the blockchain at any step in the process.

Veda’s vault infrastructure abstracts the underlying DeFi complexity, working alongside MetaMask’s Delegation Framework and Monad’s high-performance chain to deliver a seamless onchain experience.

The integration is the first production use of the MetaMask Delegation Framework, built on the ERC-7710 pattern, to route balances into the Veda BoringVault. The vault uses Merkle verification and a modular design to enhance security. The result is a clean UX with the trust properties of self-custody preserved underneath. 

The future of money

Vaults are powering the next wave of financial markets with intuitive experiences that retain user custody while enforcing yield transparency. Across fintech and beyond, teams are increasingly seeing the critical role vaults play in making capital productive onchain.  

MetaMask is the largest self-custody wallet to natively integrate a DeFi vault.Money Account is available globally, except for the UK and other restricted jurisdictions.

The same vault stack that’s processed over $16 billion in deposits now powers MetaMask Money Account, built to scale as new protocols, chains, and strategies come online.

*APY is variable and not guaranteed. Please review the full ConsenSys Terms of Use before using the Money Account.