Rings Protocol
  • Overview
    • Introduction
    • Veda Vaults
      • Collateral vault (Ethereum)
      • Staking vault (Sonic)
    • Rings, Sonic & Veda Points
    • Security Framework and Audits
    • Gauge Listing Framework
    • Treasury / Backing Address
  • Tutorials
    • Introduction
    • Minting
    • Staking
    • Locking
  • Developers
    • Veda BoringVaults
    • Staked scAssets & yield distribution
    • scUSD/scETH veNFT
    • Quest integration
    • Smart Contracts
    • Bug Bounties
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  1. Overview

Veda Vaults

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Last updated 4 months ago

All assets deposited into Rings flow into Veda . The curators (Veda, Paladin & Tholgar for now) allocate these assets to whitelisted strategies deemed to be the safest possible in DeFi. Veda’s BoringVaults were chosen as they are a battle-tested solution that has been and are used to secure approximately $3B of assets for protocols like ether.fi, Lombard, Mantle, pumpBTC and others.

On Rings, BoringVaults are used in two places. The first is for minting the scAssets as vault receipt tokens using whitelisted collateral, and the second as an opt-in staking vault on Sonic for generating yield on scAssets through Sonic DeFi integrations.

Learn more about Veda BoringVault in their .

BoringVaults
audited
Docs
scAssets minting