Trust Wallet - DeFi

How Trust Wallet launched and monetized access to stablecoin yields with Kiln DeFi

Trust is one of the most widely used self-custodial wallets, empowering over 200 million users across 190+ countries. Kiln has proudly supported Trust Wallet’s staking offering across various tokens – enabling users to earn rewards on assets like ETH, SOL, ATOM, and more.

But as stablecoins became the dominant asset held in wallets, a gap emerged: there was no easy way to earn yield on them. Despite their popularity, stablecoins couldn’t be staked, and accessing DeFi yields meant leaving the app, connecting wallet to external platforms, and managing complex transactions – a poor fit for most users.

To close that gap, Trust Wallet integrated Kiln DeFi, bringing seamless, in-app access to yield vaults for USDC, USDT, and DAI. Users can now earn natively, without ever leaving the wallet – no dApps, no extra steps, and no compromise on control or security.

In the first 4 weeks post-launch, Kiln DeFi delivered measurable traction:

Stablecoin TVL
$30M+
Stablecoin TVL
Average deposit amount
$13,000
Average deposit amount
Dollar-weighted average APY across all vaults
4.42%
Dollar-weighted average APY across all vaults

"Yield on stablecoins has become one of the most demanded features by our users, with many seeking to transfer funds from their traditional fiat accounts into crypto to earn yield. For Trust Wallet, integrating with Kiln greatly simplifies the entire process with its ready to integrate APIs, smart contracts and widget."

Eowyn Chen - CEO at Trust Wallet

Challenge

The yield UX problem

Earning yield remains challenging:

  • Users must navigate complex DeFi protocols (e.g. Aave, Morpho, Compound)

  • Manual bridging, approvals, and risk management create friction

  • No unified tracking of accumulated yield



For wallets, integrating yield involves:

  • Technical teams vetting for every DeFi integration

  • Integrating custom flows for each protocols and building unified reporting for internal teams

  • Building individual partnership with each protocol to monetize the feature

As a result, most wallets either avoid yield entirely or redirect users to third-party dApps – losing both the user journey and monetization opportunity.

Solution

Kiln DeFi: yield as a native feature

Kiln gave Trust Wallet a plug-and-play DeFi infrastructure with enterprise-grade compliance, API flexibility, and native UX design.

🔹 Seamless Access to Vaults

Trust Wallet users can deposit stablecoins into pre-vetted yield vaults powered by protocols like Morpho, Aave, Compound, and Spark – all without leaving the wallet.

  • No dApp connections or key risk

  • Deposits and rewards fully trackable in-app

🔹 Wallet-Native UX

Built via Kiln Connect API, the experience includes:

  • Vault discovery and real-time APY

  • One-click deposit/withdraw

  • Transparent performance and rewards tracking

🔹 API-First, Risk-Governed

Trust Wallet maintains full visibility:

  • Automated reward and performance data

  • Custom dashboards, deposit caps, and vault whitelisting

Why this matters

Stablecoins represent billions in idle capital. Until now, wallets struggled to unlock yield without adding risk or losing users to external apps. Trust Wallet, powered by Kiln DeFi, proved that access and monetization of DeFi yield can be embedded, securely – without compromising self-custody or UX.

Looking to grow engagement and monetize idle capital?

Reach out to our team to integrate stablecoin yield and staking via API or widget – with full compliance, monitoring, and UX support.

About Kiln

Kiln is the leading staking and digital asset rewards management platform, enabling businesses to earn rewards on their digital assets, or to white label earning functionality into their products. Kiln runs validators on all major PoS blockchains, with over $11 billion in digital assets being programmatically staked and running over 5.3% of the Ethereum network on a multi-client, multi-cloud, and multi-region infrastructure. Kiln also provides a validator-agnostic suite of products for fully automated deployment of validators and reporting and commission management, enabling custodians, wallets, and exchanges to streamline staking or DeFi operations across providers. Kiln is SOC2 Type II compliant.

About Trust Wallet

Trust Wallet is the secure, self-custody Web3 wallet and gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, as well as buy, sell, and stake crypto to earn rewards — all in one place and without limits.

  • Customer Profile

  • Non-custodial wallet
  • Kiln DeFi, Onchain, Connect & Validators
  • Global
  • Make it easier and safer for Millions to access Web3

Bring DeFi to your users

100%

Non-custodial and automated

11+

DeFi protocols supported

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Ready to get started?

The Kiln team will be happy to brainstorm with you, understand your requirements, and find the best-suited solution.

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Discover our suite of products

Ready to get started?

The Kiln team will be happy to brainstorm with you, understand your requirements, and find the best-suited solution.