Kiln | News & updates
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โœŒ๏ธ In this second post of our series on Ethereum client diversity, we dive into the execution-layer.

๐Ÿšจ We explain how using a super-majority execution-layer client introduces the risk of all the staked collateral being burnt, without any possible course of action.

๐Ÿ™…โ€โ™‚๏ธ Today, there is no super-majority execution-layer client on the Ethereum network - letโ€™s keep it that way!

๐Ÿ”— Read more on our blog and stay tuned for the final release on the Consensus layer https://www.kiln.fi/post/ethereum-client-diversity-part-2-execution-layer-diversity
๐Ÿ”— EigenLayer native restaking comes with significant additional operational costs in the form of gas to be paid to upload proofs of your validatorโ€™s consensus-layer activity.

๐Ÿ“‰ Weโ€™ve found that on average 30% of ETH staking rewards are consumed in gas fees.

๐Ÿš€ Good news: the EigenLayer team is working on an upgrade to this part of the system to significantly reduce these costs!

๐Ÿ“– Dive into this topic with our article written in collaboration with CoinShares: https://www.kiln.fi/post/the-operational-costs-of-eigenlayer-native-restaking-by-kiln-and-coinshares
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๐Ÿ”ฅ Weโ€™re excited to announce the launch of Eigen Labs LST restaking in the Kiln Ledger Live dApp!

โœ” From inside Ledger Live and while benefiting from clear-signing, you can now restake your LSTs to earn EigenLayer restaking points and AVS rewards in a couple of clicks.

We are running all EigenLayer AVSs and will distribute any future AVS airdrops to delegators.

๐Ÿ‘‰๐Ÿผ Restake your LSTs now through the Kiln Ledger Live dApp
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๐Ÿ™ Big thanks to The Block for covering our news! After months of hard work with integrators starting with Crypto.com, weโ€™re proud to launch Kiln DeFi! ๐Ÿš€

It enables stablecoin rewards through seamless access to top DeFi lending protocols like Aave, Morpho, and Compound. ๐Ÿ’ธ

Stay tuned! https://www.theblock.co/post/309711/kiln-defi-crypto-com-stablecoin-rewards
๐Ÿ“บ The first episode of Kiln DeFi Rendez-Vous is live!

๐ŸŽ™๏ธ Join Laszlo Szabo, CEO & Co-Founder of Kiln, and Paul Frambot, CEO & Co-Founder of MorphoLabs, as they discuss how Morpho is revolutionizing lending and borrowing on Ethereum.

๐Ÿ‘‡ https://x.com/Kiln_finance/status/1829196066870440147
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๐Ÿš€ How would you feel about creating and launching your Earn section in just a few clicks?

โœ”๏ธ No coding skills or engineering resources needed

โœ”๏ธ Easily manage reward products like protocol staking and DeFi protocols

โœ”๏ธ Customize your brandโ€™s look and feel

Check out our new Kiln Widgetโ€”it's as simple as it looks: https://widget.kiln.fi/overview
๐Ÿงฑ You can now stake your ETH directly from your Safe{Wallet} with Kiln!

๐Ÿ”‘ Unlock staking rewards while keeping full control of your assets!

๐Ÿ”’ Start staking and contribute to Ethereum's network security today.

๐ŸŽ‰ As a bonus, you can enjoy a 6% fee on rewards for the entire duration of your stake if you start staking before 10.11.2024! ๐Ÿš€

๐Ÿ™๐Ÿผ Thanks to the Safe team for their trust!

Learn more โžก๏ธ : https://www.kiln.fi/post/stake-eth-from-safe-wallet-with-the-new-kiln-integration
Kiln - ETH Staking Report - September 2024.pdf
2.4 MB
๐Ÿ” Let's take a look and compare how Kiln validators performed in September versus the rest of the Ethereum network.

๐Ÿ“ˆ We achieved a gross rewards rate that is 0.10 percentage points higher than the Ethereum network average, and generated 2.79% more staking rewards.

๐Ÿ” As in previous months, Kiln experienced no slashing events in September (or at any time). Our commitment remains to safeguarding our users' assets and fostering a secure environment for all.

๐Ÿ“Š The data used for this analysis comes from Rated, Kiln Connect, and beaconcha.in.
๐Ÿš€ Ethereum is always pushing forward! Whatโ€™s next with the upcoming Pectra upgrade in Q1 2025? This upgrade promises significant enhancements to staking through 3 key EIPs:

โ€ข EIP-7251: Increase MAX_EFFECTIVE_BALANCE

โ€ข EIP-7002: Triggerable withdrawals

โ€ข EIP-6110: Onchain validator deposits

Learn how the Pectra upgrade will elevate your staking experience in our latest blog post by Sebastien Rannou, our Ethereum lead: https://www.kiln.fi/post/next-ethereum-upgrade-how-pectra-will-enhance-the-staking-experience
๐ŸŒ VanEck clients can now benefit from Kilnโ€™s high-performance and secure staking services, backed by our SOC 2 Type 2 certified infrastructure.

Key Benefits:
๐Ÿ”’ Maximum security & uptime
๐Ÿ“ˆ Seamless institutional integration
๐Ÿ’ผ Effortless exposure to Solana for institutional investors

๐Ÿค This partnership is a big step forward in driving institutional crypto adoption!


Learn more about this new partnership on our latest blog post: https://www.kiln.fi/post/vaneck-partners-with-kiln-to-power-institutional-staking-for-vanecks-solana-strategy
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Another milestone before the year's end! ๐ŸŽ‰ Weโ€™re thrilled to have reached $10B in assets staked through Kilnโ€™s technologyโ€”an all-time high. Thatโ€™s a 190% growth year-over-year! Thanks to the trust of all our partners, this is just the beginning. ๐Ÿš€
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๐Ÿš€ The third and final cap raise for Babylon's Phase 1 is scheduled for Tuesday, December 10th next week and will last approximately 7 days (1,000 Bitcoin blocks).

๐Ÿ™Œ You can participate in this new cap raise and stake BTC via Fireblocks' API for secure, seamless transactions. The process is simple and straightforward through Kiln Dashboard.

๐Ÿ‘€ If you have any questions, feel free to contact our team at support@kiln.fi.
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๐ŸŒŸ Babylon Phase 1 - Cap-3 just opened! This is your chance to be at the forefront of innovation and become an early adopter of BTC staking.

๐Ÿ‘‰ Want to learn more about your BTC staking options? Check out our latest blog post for a detailed guide: https://www.kiln.fi/post/how-to-stake-btc-with-babylon-via-kiln
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๐Ÿงฑ You can now stake your SOL directly from your Bitget Wallet with Kiln

๐Ÿ”‘ Unlock staking rewards while keeping full control of your assets!

๐Ÿ”’ Start staking and contribute to Solana's network security today

Learn more โžก๏ธ https://www.kiln.fi/post/stake-sol-from-bitget-wallet-powered-by-kiln
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๐Ÿš€ Kiln is teaming up with Lombard, the largest liquid staking protocol on @Babylon!

โ‚ฟ Stake on Babylon via Lombard LBTC and choose Kiln as your finality provider to access permissionless DeFi and earn rewards. Stakers will earn both Babylon points and Lombard points.

๐Ÿ‘€ Babylon's Cap-raise 3 is live, a remaining 5-day window to stake BTC. Deposit your BTC via your preferred custodian, mint LBTC, and start staking.

๐Ÿ‘‰ Check out our demo video on how to stake with Lombard LBTC. DM us for more info!
Eigen Layer, the pioneer restaking protocol by TVL, is set to implement 2 significant upgrades about reward distribution and integrate slashing mechanisms.

1๏ธโƒฃ The first upgrade will provide more detailed and equitable reward allocation, benefiting participants in the restaking ecosystem.

2๏ธโƒฃ The second upgrade will introduce slashing capabilities, aimed at strengthening network security by imposing penalties on harmful activities.

๐Ÿ‘‰ Our latest blog post explores them and analyzes their potential effects on the restaking landscape. Check it now: https://www.kiln.fi/post/eigenlayer-unveils-rewards-v2-and-slashing-for-2025
๐Ÿป Ooga Booga! Berachain mainnet is live!

๐Ÿ™Œ You can now stake BERA through Kiln Validators and BitGo. Both liquid and unvested BERA can be staked through this service.

๐Ÿ‘‰ Users can stake their BERA directly from BitGo using your own white-labeled validator operated by Kiln.

๐Ÿ’ก Learn more about BERA staking on our latest blog post: https://www.kiln.fi/post/bera-staking-is-now-available-through-kiln-and-bitgo
โœจ Pectra is now live!

Ready to roll your 32 ETH validators into a single autoโ€‘compounding powerhouse?

Our guide shows how to convert & consolidate in Kiln Dashboard:

โ€ข Enable compounding with one click
โ€ข Merge multiple validators into one (up to 2,048 ETH)
โ€ข Keep control of your withdrawal keys

Dive in โ†’ https://www.kiln.fi/post/kiln-dashboard-goes-pectra-compounding-consolidation-made-simple
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๐Ÿ”‘ Your Safe multisig just became a yield engine

Safe{Wallet} already secures $100B+ for DAOs, crypto companies, and HNWIs.

Now those same treasuries can earn without ever moving assets.

How it works:

โ€ข One multisig transaction routes wETH, wstETH, USDC, USDT, or WBTC into Morpho Labs Earn, powered by Kiln DeFi
โ€ข Your Safe now holds non-transferable vault shares, so signer control never changes
โ€ข Live APY, risk score and exit cost are shown in-app

Open Safe โ†’ Earn โ†’ start compounding

Learn more: https://www.kiln.fi/post/safe-wallet-x-kiln-defi-one-click-stablecoin-yield-for-multisig-treasuries