What is Kiln Platform | What is Kiln token

In this article, we'll discuss information about the Kiln Platform project and Kiln token. What is Kiln Platform | What is Kiln token?

Kiln creates an enterprise-level pledge platform and provides one-click pledge services for encrypted assets.

Kiln Connect offers a unified interface to craft, sign and broadcast transactions for all supported protocols so that your engineering team does not have to deal with protocols specifics and focuses on integration and user experience.

It also enables you to retrieve staking rewards data on all validators (not just Kiln Validators) without having to run infrastructure yourself.

Product architecture

  • Kiln Dashboard enables you to stake in 1-click, monitor your rewards and manage your team and organisation accounts. We can provide you the source code for the dashboard to help you provide a similar experience to your users.
  • Kiln On-Chain facilitates the integration of Ethereum staking, and provide fully on-chain automated rewards and commission management.
  • Kiln Connect enables you to programmatically manage your staking accounts, craft staking and unstaking transaction, sign and broadcast with your custody, and pull rewards and monitoring data for each stake you made. Kiln Connect is validator-agnostic, meaning you do not need to stake with Kiln Validators to benefit from it!
  • Kiln Validators are the base of our platform, running and securing the network on all the blockchains we support.

1. Kiln Connect

Today, integrating new protocols for staking requires building custom staking / unstaking transactions for each individual protocol format, running data rewards collection infrastructure, and integrating custom custodian APIs. All these tasks take precious engineering time and involve expenses which are better spent on more strategic initiatives.

How does Kiln Connect solve these issues?

  • Transaction crafting API: One simple universal interface for staking/unstaking transactions on all PoS chains.
  • Rewards API: A unified rewards API used on all PoS chains.
  • Custodian API: One common interface to sign staking transactions on every protocol for all supported custodians.
  • Admin Dashboard: View, track and pilot all stakes in real-time.

How does it work?

  • 1. This is what a custom staking transaction looks like to stake ATOM without Kiln Connect
  • 2. Going through Kiln Connect the staking transaction is standardized for all protocols, becoming a single line of code
  • 3. Validators are programmatically deployed and start earning rewards
  • 4. The validators accumulate rewards, Kiln Connect logs the rewards/commission data for partner & end-users
  • 5. Staking rewards data is collected for each user. Rewards and commissions flow to the users and Kiln partner custody solutions

Integrate protocols faster to offer staking on all PoS networks

  • SECURITY: Leverage an enterprise-grade staking infrastructure and deploy hundreds of validators with just one API call. Benefit from rewards guarantees, SLAs, and third-party slashing coverage.
  • SIMPLICITY: Offer staking on all major PoS protocols with a single SDK, removing the barrier of crafting custom staking and unstaking transactions for each protocol format.
  • AUTOMATION: Get consistent real-time rewards data & reportings across all protocols. Automate user rewards data and commissions.
  • FLEXIBILITY: Interoperate with your existing custody solution or validator infrastructure APIs.

2. Kiln Dashboard

More than just a dashboard, benefit from the highest enterprise-grade staking standards:

  • Industry-leading SLA: We offer rewards guaranteed SLA ensuring a return of 99% of the network-average APR of any PoS chain staking.
  • Slashing insurance: To prevent any risk, Kiln, in partnership with Nexus Mutual, offers a coverage policy to protect against middle slashing events.
  • Dashboard integration: Kiln can provide you the source code for the dashboard to help you provide a similar experience to your users.
  • 24/7 support: Reach out with any feedback, requests, or issues regarding the Kiln dashboard.

1-click staking dashboard

Stake in a few clicks on all main PoS chains. Our friendly user-interface is easy to use and accessible to your entire team including those in company operations.

Select the account you want to stake on, then connect your wallet. That’s it!

Real-time monitoring

Track your portfolio across all protocols and stay informed in real-time of your current APYs so you can get better projections of your rewards.

Within your Kiln organization, you can also create multiple accounts, which act as folders for your stakes. This way you can organize your stakes according to your own preferences: per customers, regions etc.

Staking data that is easily exported

All your data is in one-place so you just have to connect to view your rewards or select “Export Csv” to share your history with your team.

Your stakes are automatically aggregated on your Kiln Organization to help you make reporting simpler.

3. Kiln On-Chain

  • LIQUIDITY: Thanks to Kiln On-Chain’s exit queue system, some liquidity can be offered to users wishing to withdraw prior to withdrawals going live at the protocol level.
  • SIMPLICITY: Avoid the whole complex staking process with Kiln On-Chain. Stake in one simple transaction thanks to our audited smart contract.
  • AUTOMATION: This allows wallet providers to monetize ETH staking when they offer it to their users by taking a commission on the rewards.
  • FLEXIBILITY: Ethereum’s Proof-of-Stake consensus requires staking in batches of 32 ETH, excluding many holders from the benefits of staking or adding to the security of the network.

How does it work?

1. Alice, Bob, and Carol each stake a different ETH amount, all under 32 ETH.

2. Alice, Bob, and Carol’s assets are pooled into a single 32 ETH batch, through the Kiln staking smart contract.

3. Each user is allocated a pool ownership percentage, calculated on their initial deposit.

4. The validator is deployed, and starts earning rewards which accumulate in Kiln’s withdrawal smart contract.

5. Alice initiates a withdrawal from Kiln’s withdrawal smart contract.

6. Alice gets her initial stake + rewards. Kiln’s partner, the staking integrator, receives its commission directly in its wallet.

WHAT IS KILN POOLING?

Kiln Pooling is our new pooling feature included in Kiln On-Chain. Thanks to this new liquidity solution, your users can now stake any ETH amount and exit at any time.

  • Capital efficiency: Thanks to Kiln Pooling’s unique set of smart contracts, your users can stake any amount of ETH and not only multiples of 32.
  • Earn a commission on user rewards: Collecting a commission from non-custodial ETH staking can be problematic. Kiln On-Chain solves this problem by enforcing rewards collection at the smart contract level.

4. Kiln Validators

Enterprise-grade Validators-as-a-Service on all PoS chains

  • ENTERPRISE-GRADE SERVICE: Leverage Kiln’s enterprise-grade staking infrastructure and stake in 1-click. Benefit from rewards guarantees, SLAs, and third-party slashing coverage.
  • SIMPLICITY: View all stakes held by your users in real-time. The Kiln account tracker automates staking rewards distribution and commissions, and allows custom fees. Extract and view all the data you need in a few clicks.
  • AUTOMATION: Kiln validators make additional protocol integration super easy and fast. Add any new supported PoS chain to your staking offering in less than 24 hours.
  • WHITE-GLOVE SERVICE: Rely on Kiln to deploy and manage your dedicated validator in a few clicks and save resources, ensuring optimal uptime.

How does it work?

1. Select the protocols you want to offer staking for:

2. Integrate staking through Kiln products

3. Start receiving users’ stakes and generate rewards

4. Get real-time users staking and rewards data

5. Kiln automates rewards and commissions management


How and Where to Buy token?

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase token from the exchange.

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

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