A multichain, multiprotocol vault has been programmed to accept deposits on one chain and route capital across multiple protocols and, when appropriate, multiple chains for the best risk-adjusted yield. The end user sees a single balance, and sees where their assets are being allocated.
Veda vaults can be programmed to hold positions across any of the 20+ chains we support, allocated across some subset of 35 protocols. However, most multiprotocol vaults allocate to 2-5 protocols at any given time as part of a predetermined yield strategy.
The advantages are higher performance and superior durability. Single-protocol vaults are exposed when that protocol's yield compresses or its risk profile shifts. Multichain, multiprotocol vaults rebalance and adapt.
Kraken's Advanced Strategies USDC Veda vault lives on Ink while leveraging Ethereum yield for exactly this reason.
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