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@sunandr_

co-founder & ceo @veda_labs

Katılım Şubat 2013
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Sun@sunandr_·
You've probably heard that Vaults are the next big thing, and that fintechs are moving onchain. We do our best to demystify the tech behind Vaults and why they are becoming critical infrastructure for fintechs. It was a privilege to speak with @JasonYanowitz and @JohnZettler. Yano is a legend and has been way ahead of the curve on vaults as a category. John is one of the most prolific product builders in crypto, having built cbETH, cbBTC, Coinbase Earn, and now Kraken DeFi Earn. There's a ton of alpha here, you don't want to miss it
Yano 🟪@JasonYanowitz

Think this is the single best podcast to understand Vaults. My two takeaways: 1) Vaults will scale from $6B to $15B+ this year 2) DeFi and fintech will merge. DeFi is just better financial APIs Big thanks to @sunandr_ and @JohnZettler for doing this.

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Jack
Jack@JackMandin·
Over $1.5M in gross yield generated by Kraken's Advanced Strategies USDC DeFi Earn vault so far. Consistent outperformance compared to the industry average stablecoin supply rate by roughly 450 bps. Powered by Veda's vault infrastructure, and curated by Sentora.
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Mippo 🟪
Mippo 🟪@MikeIppolito_·
Veda data is now live on Blockworks. This is a fascinating peak into one of the largest vault providers in crypto. Personally watching @krakenfx vault closely, IMO the earn program is one of the most crucial distribution channel for yield products.
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David
David@EffortCapital·
Veda is a silent juggernaut in the vault space, powering some of the largest vaults in the industry. This dashboard is not only the best place to track @veda_labs growth, but also the best place to track the most moonshot-like partnership in recent memory (@whop x @Plasma) powered by Veda's technology. Veda will become synonymous with vaults in 2026.
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Blockworks@Blockworks

NEW: Now tracking @veda_labs, one of the largest vault infrastructure providers in DeFi. Veda's new dashboard contains 8 tabs covering Vaults, Depositors, and dedicated sections on Veda's vault partners: Kraken Earn, EtherFi, Lombard, Kinetiq, Plasma, and Whop.

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Sun@sunandr_·
Partnering with @Blockworks was a no brainer. Institutional interest in DeFi is at an all time high, and Blockworks is one of the key trusted sources for onchain data. Continue to be impressed by @JasonYanowitz vision and the team's quality of execution
Yano 🟪@JasonYanowitz

Stoked to work with Veda. I met @sunandr_ when he came on Empire, very impressed by what they've built. Our new dashboard is the single best place to check @veda_labs data. Even includes specific vault tabs for Kraken, EtherFi, Lombard, Kinetiq, Plasma, and Whop.

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Sun@sunandr_·
@KristianMarlow @TuongvyLe12 Standards for operational security (including regulation) are a good thing and are inevitable if the space is to succeed
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Kristian Marlow
Kristian Marlow@KristianMarlow·
Agree the migration signals maturity. Worth naming the tradeoff though: smart contract risk is largely outside regulatory reach. Operational risk (custody, key management, admin keys, upgrade controls) is precisely where the SEC, OCC, and FinCEN have jurisdictional hooks. Maturing software expands the regulatory surface.
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Sun@sunandr_·
Risk is moving from the smart contract layer to the operational layer, and this is a GOOD thing. It means the software is maturing. Operational failures can be addressed by: - known best practices from web2 - better protocol design (fewer trusted roles, timelocks, etc.) I firmly believe this is a solvable problem. The beauty of DeFi is that the operational surface is public, and with better reporting / standards users will know which products take security seriously and which ones don't
Mitchell Amador@MitchellAmador

I looked at every major DeFi hack from 2020 to 2025. 460 of them. DeFi is getting safer. Losses have dropped materially. The typical hack is 75% smaller than it was in 2022. Flash loans, the signature attack of early DeFi, are basically dead. We've learned defi security the hard way, but attackers have moved on to social engineering, phishing, and long-term infiltration of the people and systems holding the keys. Oddly enough, that's a mark of progress, since the old attack vectors don't work anymore. Gradually, we are winning the onchain security war.

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Luigi D'Onorio DeMeo
Luigi D'Onorio DeMeo@luigidemeo·
Some personal news*  I've recently joined @aave 👻 as Chief Strategy and Business Officer. After ~4 months of rest and reflection regarding the state of the industry, my personal life, and my ambitions, I feel more invigorated and determined than ever to contribute to the crypto space. When I stepped away from @AvaLabs earlier this year, I said I'd take time to think carefully about where I could contribute most. I’m grateful for the awesome opportunities I've been able to consider. The answer became clear over the past months and many conversations with @StaniKulechov and the Aave Labs team. I've long known Stani and Emilio and admired their work. Like them, I believe the future of finance is onchain, and Aave is at the center of this evolution. Aave has the opportunity to provide a better way to borrow and lend, and to build credit markets at internet scale. The legacy financial system is slow, fragmented, and quietly extractive, and most of the world is underserved by it. Aave has spent years proving, in production and across cycles, that an open and programmable alternative works at scale. The next chapter is about turning that foundation into the credit and capital markets layer of the internet. In this new role, I'll lead strategy, business development, and core operational functions,  working closely with Stani and the team to strengthen what's already working while pursuing the next set of opportunities ahead of us. I'm joining at a pivotal moment. The events of the past week have made clear there's real work to be done and lessons to be drawn. I’ve been working non-stop with the team on the recovery effort this past week and I have no doubt that Aave will emerge even stronger. What I've seen up close is grit, focus, and determination under pressure. This is exactly the kind of team I want to build alongside of, and it makes me even more confident about where this is all headed. -Luigi
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Blockworks
Blockworks@Blockworks·
Yesterday @krakenfx DeFi Earn vaults powered by @veda_labs surpassed $200M in total deposits.
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Sun@sunandr_·
Security is our top priority at Veda. Alberto is joining us with the perfect background - co-author of ERC4626, a long history with vaults, and a deep expertise in the onchain world. We're building a world class team to bring DeFi to the masses. DM's re open
Veda@veda_labs

NEWS: We're excited to share that @alcueca has joined Veda as our VP of Onchain Security. Previously at OP Labs, he joins us with 8+ years of onchain experience spanning engineering and blockchain architecture. Together we're putting security first, every day🔒

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Sun@sunandr_·
Good take. The idea that pooled lending is dead is totally wrong. Both pooled and isolated lending will continue to coexist. Enterprises are not magically going to avoid lending against risky collateral just because the markets are isolated. They are relying on curators / risk managers to make those assessments on their behalf. The assessment for enterprises is not only "how can I 100% avoid risk" - this is unrealistic and the actual answer is just to stay out of DeFi. The real question is "how do I protect my customers in the event that something goes wrong". I actually believe Aave will come out stronger from this: more thoughtful risk management, and 9 figures worth of evidence that they will do whatever it takes to protect their depositors.
Prince@0xPrince

Modularity without accountability is just liability transfer by design. The protocol builds the primitive, curators configure the vaults, users deposits the liquidity. When something breaks, the protocol points to the curator, the curator points to the market, and the user is left holding the loss. Markets are isolated. Vaults are not. Vaults aggregate deposits across multiple markets, managed by one curator. Curator failure to manage risk properly or misconfiguration exposes all depositors in that vault simultaneously. That is contagion risk, just moved to the curator layer. We saw this with Stream Finance and Resolv. In both cases. Months later, users are still waiting to know who is actually responsible for paying them back. Calling yourself infrastructure and calling your design modular are both liability transfers. The risk does not disappear. It just shifts to another layer, and another actor.

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Laura Shin
Laura Shin@laurashin·
🚨 Happening TODAY at 12PM ET 🚨 DEX in the City goes live with SEC Commissioner Hester Peirce (@HesterPeirce ) & Sumeera Younis They’re joining @kkirkbos, @TuongvyLe12 & Jessi to break down what’s next for crypto, regulation, and innovation ⚖️🚀 Tap in 🎧 youtube.com/live/JpaYtp3Fu…
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YouTube
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Andy
Andy@andyyy·
The vault curator and risk manager landscape in DeFi is about to undergo a massive change in terms of players, markets, asset types, credit origination & underwriting, and yields. Vaults are one of the most innovative and exciting parts of the industry rn
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Sun@sunandr_·
Massive congrats to @perkinscr97 and @sethginns. I cannot imagine a better team to bring crypto to the largest institutions and investors in the world.
Christopher Perkins 🦅🌎⚓️NYC@perkinscr97

Today, I’m very excited to announce that I will be joining @FTI_Global as the head of Franklin Crypto. The convergence of traditional finance (TradFi) and the digital asset ecosystem is no longer a "future" trend—it is the reality of 2026. As I prepare to step into my new role leading Franklin Crypto with @sethginns and Tony Pecore, I am incredibly energized to help lead this firm’s continued evolution in a space that is fundamentally rewiring how global markets operate. Crypto’s institutional era is upon us, and to succeed, Franklin Crypto must leverage its deep and unique understanding of crypto and traditional finance to build differentiated, scalable and compliant products for our clients. My journey has always been defined by a foot in both worlds: the rigorous, disciplined structures of traditional finance and the high-velocity innovation of the crypto markets. At Franklin Templeton, my goal will be to leverage this unique vantage point to partner with our clients, building the institutional-grade products they need to succeed in this new digital frontier. We aren't just observing the market; we are active participants in its transformation. Markets are tokenizing. The once-distinct lines between crypto and traditional assets are blurring into a single, cohesive financial landscape. Perhaps most importantly, the era of the "9-to-5" market is fading as we embrace the reality of 24/7 global liquidity. It is fascinating to look back even just a few years. Previously, there was a perceived "reputational risk" for an institution to be involved in crypto. Today, that narrative has completely flipped. In 2026, the true reputational risk lies in not having a digital asset strategy. As the "Institutional Era" of crypto takes hold, our clients expect more than just exposure—they expect sophisticated navigation with people they can trust. Franklin Templeton has spent years building the foundational infrastructure—including the proprietary Benji Technology platform—and the deep internal expertise necessary to manage these assets with the same precision as any traditional portfolio. The timing for this transition couldn't be better. We are currently seeing a unique divergence: while broader market sentiment may fluctuate, the underlying fundamentals of the crypto markets continue to improve at an exponential rate. Our mission is simple: to attract the best investment talent, build leading digital infrastructure and support the needs of our clients in this exciting new world. We differentiate ourselves through an exceptionally deep knowledge of both crypto-native protocols and traditional asset management. By combining this expertise with Franklin Templeton’s legacy of operational excellence, we are perfectly positioned to deliver for our clients as they scale their own digital journeys. I look forward to what we will build together.

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