Kiln Unveils Kiln DeFi: A New Era for Integrators and Stablecoin Rewards

Kiln announced the launch of Kiln DeFi today. Kiln DeFi is an innovative service designed for Kiln’s integrators. It allows these integrators to offer stablecoin rewards by providing easy access to top DeFi lending platforms such as Aave, Morpho, and Compound.

This infrastructure streamlines the process for integrators to deliver stablecoin rewards directly to their users through native workflows within their platforms or wallets. Kiln DeFi builds on Kiln’s recent initiatives by simplifying restaking access, enabling Kiln dApp users to maximize value from their digital assets under various market conditions.

Kiln’s extensive collaboration with integrators has given them valuable insights into the obstacles these partners face, such as a shortage of front-end resources and expertise in staking and DeFi. To combat these challenges, Kiln has introduced the Kiln Widget, which allows customers to integrate services within a single day using just five lines of code.

Kiln DeFi and Crypto.com Partnership

The first major integrator to utilize Kiln DeFi is Crypto.com DeFi Wallet, a leading non-custodial crypto wallet aimed at providing seamless access to DeFi protocols. This partnership underscores the practical benefits and ease of integration that Kiln DeFi infrastructure offers to integrators.

Rising Stablecoin Market and Opportunities

According to Defi Llama, the stablecoin market capitalization hit $162 billion in July 2024, marking the highest point since May 2022 and reflecting growing interest in the stablecoin sector. Amidst recent market trends, stablecoin reward rates from DeFi protocols have soared to 20%, presenting a lucrative opportunity for users and Kiln’s integrators.

Currently, earning stablecoin rewards necessitates direct interaction with DeFi lending protocols, a process often complex, burdensome, and fraught with security risks for many users. Alternatively, users may choose custodial or actively managed products, which could involve regulatory risks and additional fees.

Kiln DeFi offers a solution by allowing integrators to effortlessly manage the intricacies of DeFi lending protocols.

The launch of Kiln DeFi comes shortly after Kiln’s successful $17 million funding round led by 1kx and the inauguration of its APAC Headquarters in Singapore. In a tweet by Klin, an expression of joy was sighted.

🙏 Big thanks to @TheBlock__ and @humanjets for covering our news!

After months of hard work with integrators starting with @cryptocom, we’re proud to launch Kiln DeFi! 🚀

It enables stablecoin rewards through seamless access to top DeFi lending protocols like @aave,… pic.twitter.com/BB5EjtfxNn

— Kiln 🧱🔥 (@Kiln_finance) August 6, 2024

 

About Kiln

Kiln is a premier platform for staking and digital asset rewards management, enabling institutional clients to earn rewards on their digital assets or integrate earning functionalities into their products. Kiln operates validators on all major PoS blockchains, managing over $8.6 billion in crypto assets, including more than 4% of the Ethereum network, across a multi-client, multi-cloud, and multi-region infrastructure.

Kiln also offers a validator-agnostic suite of products for automated deployment, reporting, and commission management, empowering custodians, wallets, and exchanges to optimize staking or DeFi operations across providers. Kiln holds SOC2 Type 2 certification.

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