Ethereum Staking-as-a Service Startup Kiln Raises $17.6M

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Staking startup Kiln_finance closed a $17.6 million round to expand its product offerings. egreechee reports

"Staking is going to be one of the core fabrics of the entire crypto industry," said Ciaran O'Leary, co-founder and general partner of BlueYard Capital, which invested in Kiln for the second time.

Staking-as-a-service products make it easy for custodians, exchanges, wallets and treasury managers to commit their digital assets to the blockchain. Kiln had $500 million of staked assets under management as of Nov. 23. LeadblockPartners, Sparkle Ventures and XBTO also participated in the round, along with existing investors 3KVC, SV Angel and Alven.

 

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Kiln_finance egreechee I don't think they can beat MetaDex in numbers.

Kiln_finance egreechee Done in under 2 years

Kiln_finance egreechee Stake via Ledger

Kiln_finance egreechee $SHI Charity Burn Mechanism will burn $SHI and $SHIB

Kiln_finance egreechee There are still crypto asset related companies that are going bankrupt. Will more and more Binance win the race?

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