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Benefit from Venus’ DeFi opportunities, using Kiln’s infrastructure
Venus
Venus is a decentralized finance (DeFi) platform on the Binance Smart Chain that enables lending, borrowing, and earning interest on cryptocurrencies. It provides a stablecoin solution, synthetic stablecoins backed by a basket of crypto assets, and supports over-collateralized lending, allowing users to mint VAI, a stablecoin pegged to the US dollar.
Venus aims to offer a secure and efficient financial system without intermediaries, leveraging blockchain technology to enhance accessibility and transparency in the crypto finance space.
Why bringing 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 Venus rewards with Kiln DeFi?
💡 You can start monetize Venus’ opportunities in less than a week with Kiln DeFi.
To start offering Venus’ 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
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 Venus. DeFi platforms facilitate peer-to-peer lending and borrowing through smart contracts on blockchains like Ethereum.
In DeFi protocols like Venus, 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 Venus’ can drive a significant additional source of rewards for integrators.
Why should you use Kiln DeFi to offer Venus 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 Venus 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 Venus DeFi positions, rewards, and audited smart contracts.
Learn more about Kiln DeFi
Protocol Card
Supported assets
DAI, USDC, USDT, TUSD, FDUSD
Supported EVMs
Ethereum, BNB Chain, opBNB, Arbitrum
APR
3% to 8.5%
TVL
$2.2B
Venus FAQ
What is Venus?
Venus is a decentralized finance (DeFi) platform on the Binance Smart Chain that enables lending, borrowing, and earning interest on cryptocurrencies. It provides a stablecoin solution, synthetic stablecoins backed by a basket of crypto assets, and supports over-collateralized lending
Venus aims to offer a secure and efficient financial system without intermediaries, leveraging blockchain technology to enhance accessibility and transparency in the crypto finance space.
What stablecoins or tokens are supported on Venus with Kiln DeFi?
Kiln DeFi supports all stablecoin assets available on Venus, including DAI, USDC, USDT, TUSD, and FDUSD. While all ERC-20 tokens on these platforms are integrated, native tokens like ETH are not included.
For more details, please visit this page or contact us with any questions.
What are the rewards associated with Venus 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 Venus for the latest rates.
Is there a minimum amount of assets to lend on Venus?
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 I maintain custody of my assets when lending on Venus?
No, lending on Venus 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 Venus?
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.