DeFi is having an identity crisis. Record adoption and proven infrastructure, but struggling sentiment and token prices. In fact, as I’m writing this BTC just crashed below $83,000 and the rest of the crypto market is following suit. Crypto is the only asset class that can’t catch a sustained bid (since October 10th) and yet the fundamentals around our industry couldn’t be more bullish.
Just this week, we heard:
Fidelity’s launching FIDD stablecoin on Ethereum in February
Kraken’s launched their new DeFi Earn vaults, starting with USDC
US regulators are still pushing for the CLARITY Act to pass this year
Robinhood CEO Vlad Tenev said they are “planning to unlock 24/7 trading and DeFi access, which will allow investors to self-custody their stock tokens, with possibilities for lending, staking and more”
Dream-like announcements, product developments, and pro-crypto advocacy are regularly making headlines every day in 2026! How can anyone not notice giants like Fidelity and Robinhood are building onchain with DeFi primitives they will expose to tens of millions of their investors, powered by the most trusted smart contract network in the world—Ethereum.
Sun Raghupathi, CoFounder and CEO from Veda, explains this is "the enterprise era for DeFi,” where the protocols that win are the ones partnering with the largest financial institutions, not fighting them.
One of the biggest proof points this week to catch us offguard, was Kraken launching DeFi Earn vaults, powered by Veda's vault infrastructure. It's the latest example of the "DeFi-mullet" products we've been tracking: centralized custody with decentralized execution. Millions of Kraken users can now access onchain yields without leaving the app, without managing wallets, without the complexity that's kept DeFi niche for years.
In a new episode of The Edge Podcast, Sun breaks down how Veda's vault infrastructure works, why not all vaults are created equal, and how they're building a profitable business, albeit one without a token yet.
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🔗 Guest Links 🔗
► Veda website: veda.tech
► Veda on X: x.com/veda_labs
► Sun Raghupathi on X: x.com/sunandr_
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DISCLAIMER: Nothing written in The Edge Newsletter or said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed in our content are solely the opinion of that writer, host, or guest. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this content. DeFi Dad invested in the seed round for Veda.
