Kiln DeFi: A New Way to Earn Yields on Stablecoins
CryptoNewsTerminal Staff06 Aug, 2024
Kiln DeFi: A New Way to Earn Yields on Stablecoins
Kiln, a staking platform, has launched Kiln DeFi, a new service that makes it easier for users to earn yields on stablecoins. Through the Kiln platform, users can access a range of DeFi lending protocols, including AAVE, Morpho, and Compound. This gives users the ability to earn yields on their stablecoins without having to worry about the complexities of DeFi. Kiln DeFi is a non-custodial service, meaning that users retain control of their funds at all times. The service is also insured by Nexus Mutual, providing users with peace of mind. To use Kiln DeFi, users simply need to deposit their stablecoins into the platform. Kiln will then automatically restake the stablecoins across a range of DeFi lending protocols, earning users the highest possible yields. Kiln DeFi is a great way for users to earn passive income on their stablecoins. The service is easy to use and provides users with peace of mind.
