Veda Launches Console to Manage Risk Across Onchain Earn Vaults

Veda has launched Veda Console, a unified interface for managing onchain earn vaults. The platform allows operators to monitor risk and control operations across different assets, protocols, and blockchains.

The launch addresses an emerging problem in embedded finance: launching an onchain Earn product is becoming easier, but managing one across multiple strategies, assets, and networks is becoming harder.

Veda's current partner, Kraken, has seen significant growth with its DeFi Earn product. In just six months, the exchange's Veda-powered vaults surpassed $400 million in deposits from more than 65,000 users.

Kraken has expanded its product to include Bitcoin Earn and tokenized equities on Solana. The company is already using Veda Console internally to track performance and user behavior as the product expanded to three asset types and approached $1 billion in deposits.