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Benefit from Morpho’s DeFi opportunities, using Kiln’s infrastructure
Morpho
What is Morpho?
Morpho enhances decentralized finance by optimizing lending and borrowing on existing platforms like Compound and Aave, offering better rates for both lenders and borrowers. It achieves this through a peer-to-peer layer that matches lenders and borrowers directly, thus improving efficiency and interest rates.
Stablecoins on Morpho provide attractive yield opportunities for risk-averse investors. Users can deposit stablecoins to earn interest rates that are competitive with traditional savings accounts but with the added benefit of being on a decentralized platform. Additionally, Morpho offers unique features like the ability to switch between stable and variable interest rates and the use of stablecoins as collateral for borrowing other assets, enhancing the flexibility and potential returns for users seeking to maximize their DeFi strategies.
Why bring DeFi to your users?
After staking, DeFi is the next source of digital asset rewards. While stablecoins make up over 70% of on-chain volume, less than 5% of them earn rewards for the holder. In comparison, over 50% of PoS and dPoS assets are staked.
Kiln DeFi is the tech stack that enables integrators to seamlessly support and monetize DeFi in any Web3 product.
DeFi is the next step in your crypto earn offering after supporting staking. Diversify your rewards opportunities and benefit from service fees on your users’ stablecoin rewards.
Kiln Defi is:
- 1100% on-chain
- 2Seamless
- 3Control your own pricing model
How can you offer Morpho rewards with Kiln DeFi?
💡 You can start monetize Morpho’s opportunities in less than a week with Kiln DeFi.
To start offering Morpho DeFi rewards with Kiln, follow these steps:
- Deploy your custom Kiln DeFi vaults
- Integrate in your UI in less than a week (see docs)
- Your users start earning supply rewards
Reach out to us if you need help to integrate Kiln DeFi.
What are the rewards associated with DeFi?
In the context of Decentralized Finance (DeFi), “rewards” refers to the earnings that a user receives from supplying or lending their assets a DeFi protocol such as Morpho. DeFi platforms facilitate peer-to-peer lending and borrowing through smart contracts on blockchains like Ethereum.
In DeFi protocols like Morpho, supply rates fluctuate mainly based on borrowing utilization. Higher borrowing demand increases supplier reward rates. Additional incentives and market volatility also impact these rates. Economic conditions, such as bull or bear markets, influence activity levels, with higher activity boosting yields and lower activity reducing them.
From 2.5% APY in a bear market to 22%+ during peak market activity, DeFi rewards like Morpho’s can drive a significant additional source of rewards for integrators.
Why should you use Kiln DeFi to offer Morpho rewards?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to earn rewards on their digital assets or integrate our tech stack into their products. The API-first platform supports fully automated rewards, data, and commission management.
With Kiln DeFi, our clients seamlessly access a wide range of protocols like Morpho and assets without having to build commercial agreements and integrating different deposit/withdraw flows for each DeFi protocol.
Gain control with comprehensive reporting and monitoring of your Morpho DeFi positions, rewards, and audited smart contracts.
Learn more about Kiln DeFi
Protocol card
Supported assets
USDC, USDT, DAI, USDA, crvUSD, FRAX
Supported EVMS
Ethereum, Base
APR
2.5% to 22%
TVL
$3B
Morpho FAQ
What is Morpho?
MetaMorpho is a protocol for permissionless lending vaults built on top of the Morpho Blue protocol. A MetaMorpho vault accepts deposits of assets such as stablecoins, which are automatically deposited on Morpho Blue markets based on the parameters set by a curator. The curator is responsible for setting the bounds of the vault by enabling or disabling certain Morpho Blue markets and modifying supply caps. Each vault can have one curator.
What stablecoins or tokens are supported on Morpho with Kiln DeFi?
Kiln DeFi supports all stablecoin assets available to supply to MetaMorpho vaults, including DAI, USDT, USDC, USDA and WETH.
While all ERC-20 tokens on these platforms are integrated, native tokens like ETH are not included. For more details, please visit the page below or contact us with any questions.
What are the rewards associated with Morpho and Kiln DeFi?
Rewards are based on the supply and borrowing demand for each asset. As the borrowing demand for an asset increases, the reward rate also increases.
Check directly with Morpho for the latest rates.
Is there a minimum amount of assets to lend on Morpho?
You can supply any amount you wish, with no minimum or maximum limits. However, it's important to note that for very low amounts, the transaction costs may exceed the expected earnings.
Do the end users of the integrator maintain custody of their assets when lending on Morpho?
No, lending on Morpho means you will deposit your assets into their lending protocol (a smart contract) but only you have the right to withdraw your assets.
Is there a lockup period when lending assets on Morpho?
No, you can withdraw your assets at any time, provided the lending pool has sufficient liquidity (i.e., it is not fully borrowed). If the pool lacks liquidity, you may need to wait for borrowers to repay their loans to free up funds.
It is a rare occurrence for a lending pool to lack liquidity, as in the event of limited liquidity borrowing rates are automatically adjusted upwards to encourage loans to be repaid.
How do I get started with Kiln DeFi?
Contact your account manager or complete our form to begin the Kiln onboarding process and access our suite of solutions.