Kiln, a Corporate-Level Reward Management Platform, Secures $2.5 Million in Seed Funding to Introduce New DeFi Incentive Services
Publication Time:2024-08-07 08:31:07
Enterprise-level reward management platform Kiln recently announced the completion of its $2.5 million seed funding round. The funding was led by the well-known investment firm Ethereal Ventures, with other investors including Nascent, Figment Capital, Arthur Hayes (through his family office Maelstrom), Jan Xie, and Nick White. Kiln plans to use this capital to launch a new service called Kiln DeFi, aiming to enable integrators to provide stablecoin rewards to users through seamless access to DeFi lending protocols such as Aave, Morpho, and Compound. Kiln DeFi will allow integrators to easily obtain stablecoins from DeFi lending protocols through user wallets or native workflows on their platforms, enhancing user engagement and driving ecosystem growth.
Kiln DeFi
Seed Funding
DeFi services
stablecoin rewards
reward management platform