Bitcoin.com Wallet leverages Kiln DeFi to bring stablecoin lending to its users

October 3, 2024

The power of stablecoin lending

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Stablecoins play a vital role in the cryptocurrency ecosystem, accounting for over 70% of global on-chain volume. Despite their widespread adoption, less than 5% of stablecoins are currently earning rewards for their holders.

This is where Bitcoin.com’s new offering, powered by Kiln DeFi, stands out. With our integrated DeFi infrastructure, Bitcoin.com users can easily lend their stablecoin assets, starting with USDC on Morpho, and potentially expanding to protocols like Spark in the future. This enables users to earn competitive rewards while retaining full control over their assets, with plans to expand to additional stablecoins, DeFi protocols, and chains.

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Why Kiln DeFi?

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Integrating stablecoin lending opportunities can be a complex process. Platforms must navigate risks, ensure security, and provide a user-friendly experience. Kiln DeFi simplifies this by offering a unified product that enables custody solutions, exchanges, and platforms like Bitcoin.com to seamlessly integrate DeFi opportunities within their applications.

This integration ensures a smooth experience for users, eliminating the need to navigate third-party DeFi platforms and reducing exposure to scams or regulatory risks associated with custodial solutions.

Key features of Kiln DeFi include:

Access to leading DeFi protocols: Bitcoin.com users can now access high-reward DeFi lending protocols, including Aave and Morpho, with native integration that minimizes complexity.
Security and Transparency: All transactions are fully on-chain, ensuring transparency while allowing Bitcoin.com to maintain a secure environment for its users.
Effortless Integration: With our API and widget integration options, Bitcoin.com was able to quickly launch this service, enabling their users to start earning DeFi rewards without delay.

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A seamless, native experience

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For Bitcoin.com, this integration is part of a broader commitment to empowering users to harness the full potential of decentralized finance. Through Kiln DeFi, they can now offer their users a safe, transparent, and efficient way to engage in stablecoin lending directly from their platform.

In today’s rapidly evolving crypto ecosystem, offering secure DeFi opportunities is a key differentiator. The native experience delivered by Bitcoin.com’s integration with Kiln DeFi protects users from web hacks, simplifies earning DeFi rewards, and ultimately enhances the platform’s value proposition.

“Integrating Kiln DeFi is a major step in offering our users transparent and easy access to DeFi. Launching with USDC on Morpho allows them to earn more on their assets—it's a true game-changer for our users.” - Joel Tan, DeFi Product Manager at Bitcoin.com

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Looking ahead

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We're excited to work with Bitcoin.com to continue expanding its DeFi offerings using Kiln DeFi infrastructure. As stablecoins gain further traction and DeFi lending protocols provide increasing rewards, Bitcoin.com is well-positioned to lead the way in offering users meaningful opportunities to earn rewards on their digital assets.

For more information on how Kiln DeFi can help you bring stablecoin rewards to your users, visit our DeFi product page.

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About Bitcoin.com Wallet

The Bitcoin.com Wallet, trusted by millions, is an easy-to-use, multichain, self-custodial crypto wallet that puts you in full control of all your crypto holdings.

Buy and sell Bitcoin and crypto quickly and easily via credit card, Apple Pay, and more.
Send, receive, swap and manage Bitcoin and crypto with full self-custody.
Access DeFi apps that enable cases like earning interest on your crypto, borrowing and lending, participating in NFT marketplaces, synthetic assets, and more.

Your crypto assets are ultra-secure because only you can access them. Self-custodial means not even Bitcoin.com has access to your funds, and you can easily port your assets to another crypto wallet whenever you want. No lock-ins, and you'll never again ask for permission to use your money.

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About Kiln

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Kiln is the leading staking and digital asset rewards management platform, enabling institutional customers to earn rewards on their digital assets, or to whitelabel earning functionality into their products. Kiln runs validators on all major PoS blockchains, with over $8.6 billion in crypto assets being programmatically staked and running over 4.5% 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 2 certified.