Team other-protocol involvement history
Veda (BoringVault)'s assessment for RD-F-113 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
All three founders previously worked at Sommelier Finance (a DeFi yield protocol) and Seven Seas Capital. No prior rug or exit-scam affiliation found for any team member. Web search for 'Veda Labs Seven Seas rug scam exploit 2023 2024' returned no relevant hits. Sommelier Finance has no exploit record in the hacks database or REKT news. Seven Seas Capital is documented as having avoided losses during the March 2023 USDC depeg and July 2023 Curve exploit. Mike Silagadze (ether.fi CEO) as angel investor creates a client-concentration flag but not a rug-history signal.
Sources #
- URLVeda Raises $18M Led by CoinFund — PR NewswirePR Newswire announcement detailing prior roles for all co-founders at Seven Seas Capital and Sommelier Financeretrieved 2026-05-17
- Sunand Raghupathi — RootDataRootData profile for Sunand Raghupathi confirming Seven Seas and Sommelier roles; no adverse history notedretrieved 2026-05-17
Methodology #
Document current or prior protocol roles for team members (conflicts of interest, prior rugs, prior successful launches).
See the full factor methodology and distribution across all protocols →