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CybersecurityAI-assisted

Staking technology provider Kiln raises $17 million in rare crypto funding round

2023 hasn’t been the best year for crypto companies. According to .

LBy Laura MitchellJan 18, 20241 min read

2023 hasn’t been the best year for crypto companies. According to .

In this ecosystem, Kiln provides a suite of smart contracts that facilitates staking. Essentially, Kiln programmatically manages staking through these on-chain contracts. With a simple transaction, users participate in Kiln’s staking pools and start earning rewards. Kiln and its partners also get a commission, which is also automatically handled by the smart contract.

And it’s been working extremely well as the company .

In this ecosystem, Kiln provides a suite of smart contracts that facilitates staking.
Laura Mitchell · Thehackingpost

“Operating our own validator nodes is a way to guarantee the highest level of security while optimizing for the highest financial performance. It also helps up when it comes to improving monitoring. Finally, this hands-on approach helps us appear as a legitimate company with strategic partners such as the Ethereum Foundation, which shares our best practices and anti-slashing strategy,” Kiln’s head of marketing Marie Siegrist told me.

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Based on reporting by techcrunch.com.

AI transparency. This article was produced with the assistance of artificial intelligence and published under human editorial oversight. AI systems can make mistakes. Read how we use AI (EU AI Act, Art. 50).
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