Collateral vaults

When minting scAssets, the underlying collateral is deposited into a BoringVault on Ethereum. The assets on Ethereum are allocated to blue-chip strategies that meet the risk criteria.

Some of the criteria to whitelist strategies are the following:

• Fully audited;

• Pass our additional internal security Due Diligence;

• Lending or staking only;

• Protocol TVL greater than$100M;

• Deployed for more than 6 months;

• Offering direct redeemability or an equivalent;

• The vault cannot be more than 10% of the TVL of where it deposits;

scAssets can be redeemed after a 3 day cooldown.

Veda takes a 10% performance fee on yield processed by the vault.