Any team building with Privy can now offer onchain yield without touching a vault contract. Veda is now live as an onchain vault provider in Privy's earn API, offering dedicated stablecoin vaults for DeFi yield. 

Veda deploys and runs each vault as a managed service, so teams don't have to stand up and maintain smart contracts themselves. Instead, Veda works with each team to set up and operate a full-service vault.

With Veda’s infrastructure, Privy is able to offer what used to be a multi-quarter engineering effort for fintechs as a single API, with vault architecture that streamlines the yield process while putting security first. 

Deposits, withdrawals, and positions run through the same standard endpoints Privy developers already use, while Veda infrastructure handles the vault mechanics underneath.

One API for onchain yield

For most product teams, enabling DeFi yield poses an integration problem that requires specific expertise. Building a vault from the ground up involves extensive onchain smart contract design and testing as well as custody decisions, security reviews, ongoing operations, and more. All of this slows down teams trying to ship a wallet, neobank, or payments feature.

Veda’s embedded infrastructure removes those hurdles and turns onchain yield into one easy integration. Once live, an app can route deposits and withdrawals to its Veda vault and check balances using Privy’s earn endpoints. The Veda stack handles the rest: The Teller contract routes entries and exits, the Accountant prices shares, and the BoringVault holds and accounts for funds. Veda compounds reward incentives into the vault's share price automatically. Unlike other vault providers, there is no separate incentive claim step. Deposits and withdrawals are instant for the end user and settle onchain with a single transaction.

The result is yield that’s configured through an API and behaves like any other product feature. Once deployed, teams can view key Veda DeFi vault details on the Privy Dashboard under Wallet infrastructure > Earn.

“Yield should be something a product team switches on, not something they spend two quarters engineering,” said Sun Raghupathi, CEO and co-founder of Veda. “Meeting developers within the tools they already use is how embedded finance actually reaches users.”

Built on the DeFi vault stack proven at $16B+ scale

Veda digital asset vaults deployed with Privy’s Earn feature run on the same infrastructure that powers enterprise integrations with partners including Kraken, MetaMask, and EtherFi. Veda's BoringVault design is modular, non-custodial, and secured with Merkle verification that restricts what each vault can do onchain to pre-approved actions. 

Top-performing yield products are able to adapt to meet changing market conditions by rebalancing to different DeFi protocols or chains over time. Veda's universal vault design lets teams add new protocols, assets, and chains without rebuilding the product. Veda yield vaults on Privy are available across major EVM chains including Ethereum, Base, Arbitrum, Optimism, Linea, and more.

Since Veda began over two years ago, our vaults have delivered over $100 million in net yield for more than 300,000 lifetime users.

As the global stablecoin market cap continues to grow and payments move onchain, yield is becoming the default expectation for any in-app account that holds a balance. 

With Veda, it’s never been easier for teams to enable it.

To integrate onchain yield on your platform, contact us.