Introducing Kiln DeFi
At Kiln, we’re driven by a vision to simplify digital asset value creation. That’s why we are excited to announce Kiln DeFi, representing a significant step in expanding our core capabilities beyond staking and restaking.
Customers can use the Kiln DeFi infrastructure to facilitate native access to stablecoin rewards and other assets across the major DeFi protocols and chains, all within their native wallet or platform interface.
As of July 2024, the total market capitalization for stablecoins surged to $162 billion, marking its highest point since May 2022. With recent market conditions, DeFi protocol stablecoin reward rates have recently reached 20% representing an attractive opportunity for Kiln’s integrators and their users.
Challenges with DeFi access
Currently, to earn rewards on stablecoins, users must engage directly with DeFi lending protocols. This process can be complex and challenging, introducing significant security risks. Users must leave the safety of their wallet or platform to execute transactions, exposing them to potential web hacks and scams.
Alternatively, users can use custodial or actively managed products, which increases the regulatory risk and fees associated with accessing stablecoin rewards.
Integrators currently face challenges due to the discontinuation of referral programs by most lending protocols, if they ever existed. Additionally, integrators lack control over the complete user experience; from interface design to the selection of assets and DeFi protocols. This prevents the creation of a custom branded DeFi experience within their application.
Key advantages of Kiln DeFi
Kiln DeFi addresses these challenges by providing a tech stack that allows integrators to offer DeFi opportunities to their users directly within their platforms:
- Native DeFi access for users: Enhance security and user experience by seamlessly integrating stablecoin reward opportunities directly into your application.
- Security: direct integration in-app protects users and ensures they can safely interact with curated DeFi protocols, reducing their exposure to scams and phishing sites.
For integrators, Kiln DeFi addresses a number of challenges with custom DeFi access:
- Broad protocol support: Support for all major protocols across all EVM chains so that your end users can access the best crypto rewards. Kiln DeFi streamlines the integration of DeFi protocols by providing a standardized interface, eliminating the need for separate integrations, reporting, and monitoring for each protocol.
- Seamless integration and scaling: Choose from direct access to smart contracts, an API, or a widget for seamless integration. Easily scale from 1 to 100+ vaults and launch in under a day with less than 5 lines of code.
- 100% on chain: Smart contracts manage all aspects of fees, deposits, withdrawals, and rewards, ensuring transparency and auditability. Integrators have complete control over fees and can adapt to market changes.
Supporting the main protocols and assets
Kiln DeFi seamlessly integrates with leading lending protocols like AAVE, Compound, Spark, Morpho, and Venus, not only on Ethereum but also across all EVM and L2 chains supported by those protocols. These include Arbitrum, Binance Chain, Optimism, Polygon, Base and Linea, ensuring support for a diverse array of ecosystems.
All stablecoins and assets accessible through the supported lending protocols can be integrated into Kiln DeFi, totalling support for over 35 different assets.
Kiln DeFi: a closer look
After years of collaborating with integrators, the Kiln team has gained a deep understanding of the challenges they encounter, such as limited front-end resources and a lack of staking and DeFi expertise.
Integrators can use the Kiln DeFi tech stack to manage all protocol integrations. They have the option to launch with under five lines of code directly into their UI in less than a day using the Kiln Widget or to create a customized user experience seamlessly integrated within their application using the Kiln API.
The Kiln widget enables integrators to swiftly deploy a branded dApp for rapid time-to-market. It allows them to quickly add an "earn" section for staking and DeFi on all EVM chains within their web application or wallet. Additionally, integrators can manage and customize the look and feel directly from their Kiln dashboard.
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Conclusion
As the digital asset market continues to thrive, with stablecoin market cap and reward rates hitting unprecedented highs, the timing is ideal.
Kiln DeFi provides the infrastructure for integrators to bridge the gap between complexity and convenience by seamlessly integrating DeFi opportunities directly into users' native wallets or platforms. Our solution simplifies the integration process, managing the complexities of individual DeFi protocols through dedicated vaults controlled by integrators. With Kiln DeFi, you gain unparalleled flexibility to create a customized user experience.
Contact us to learn more and explore the possibilities!
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