The post Kiln Launches Kiln DeFi to Enable Stablecoin Rewards, Starting with Crypto.com appeared on BitcoinEthereumNews.com.

[PRESS RELEASE – Paris, France, August 6th, 2024] Today, leading enterprise-grade staking platform Kiln, announces the launch of Kiln DeFi, a new service for Kiln’s integrators. Kiln DeFi enables integrators to facilitate stablecoin rewards by providing seamless access to leading DeFi lending protocols like Aave, Morpho, and Compound. Using this infrastructure allows integrators to easily provide their users access to stablecoin rewards offered by DeFi lending protocols through native workflows within their wallets or platforms. Kiln DeFi enhances its recent initiatives by simplifying access to restaking, enabling Kiln dApp users to generate additional value from their digital assets in all market conditions. 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. To address these issues, Kiln has recently launched the Kiln Widget, allowing customers to integrate within a day using just five lines of code. The first integrator to launch with Kiln DeFi is Crypto.com DeFi Wallet, a leading non-custodial crypto wallet focused on providing access to DeFi protocols. This collaboration highlights the practical benefits and seamless integration capabilities that integrators can leverage using the Kiln DeFi infrastructure. Laszlo Szabo, Kiln Co-Founder and CEO reacted to the announcement saying: “Access to non-custodial reward opportunities for stablecoins is a crucial next step in our vision to democratize digital asset value creation. By allowing our customers to seamlessly facilitate rewards through blue-chip borrowing and lending protocols, we are eliminating another layer of complexity for users and our integrators and empowering them to access the benefits of DeFi.” Esther Wong, Senior Vice President of Product at Crypto.com, said: “The integration with Kiln DeFi represents another significant step forward in our commitment to providing our users with greater transparency and easier access…

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Filed under: News - @ August 6, 2024 7:24 pm