Kiln launches "Kiln DeFi," a DeFi service that provides rewards for stablecoins

ChainCatcher news, according to The Block, the institutional cryptocurrency staking platform Kiln has launched "Kiln DeFi," aimed at simplifying access to re-staking and allowing users to earn additional yields from their digital assets.

It is reported that Kiln DeFi allows its integrators to offer stablecoin rewards to users from multiple DeFi lending protocols (such as Aave, Morpho, and Compound) through their wallets or native workflows within the platform. The Crypto.com DeFi Wallet, a non-custodial Web3 wallet developed by a centralized cryptocurrency exchange, is the first integrator to launch the new Kiln service.