Veda Vaults

All assets deposited into Rings flow into Veda BoringVaults. 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 audited 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.

scAssets minting

Learn more about Veda BoringVault in their Docs.