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Benefit from Venus’ DeFi opportunities, using Kiln’s infrastructure
Venus
Venus is a decentralized finance (DeFi) platform on the Binance Smart Chain that enables lending, borrowing, and earning interest on cryptocurrencies. It provides a stablecoin solution, synthetic stablecoins backed by a basket of crypto assets, and supports over-collateralized lending, allowing users to mint VAI, a stablecoin pegged to the US dollar.
Venus aims to offer a secure and efficient financial system without intermediaries, leveraging blockchain technology to enhance accessibility and transparency in the crypto finance space.
Why bringing DeFi to your users?
After staking, DeFi is the next source of digital asset rewards. Stablecoins are a $170 billion market and growing, but less than 4% of stablecoins natively earn interest for holders. In comparison, over 50% of PoS and dPoS assets are staked.
Kiln DeFi is the tech stack that enables integrators to seamlessly support and monetize DeFi in any Web3 product.
DeFi is the next step in your crypto earn offering after supporting staking. Diversify your rewards opportunities and benefit from service fees on your users’ stablecoin rewards.
Kiln DeFi is:
- 1100% onchain
- 2Seamless
- 3Control your own pricing model
How can you offer Venus rewards with Kiln DeFi?
💡 You can start monetize Venus’ opportunities in less than a week with Kiln OmniVault.
To start offering Venus’ DeFi rewards with Kiln, follow these steps:
- Deploy your custom Kiln DeFi vaults
- Integrate in your UI in less than a week (see docs)
- Your users start earning supply
Reach out to us if you need help to integrate Kiln DeFi.
What are the rewards associated with DeFi?
In the context of Decentralized Finance (DeFi), “rewards” refers to the earnings that a user receives from supplying or lending their assets a DeFi protocol such as Venus. DeFi platforms facilitate peer-to-peer lending and borrowing through smart contracts on blockchains like Ethereum.
In DeFi protocols like Venus, supply rates fluctuate mainly based on borrowing utilization. Higher borrowing demand increases supplier reward rates. Additional incentives and market volatility also impact these rates. Economic conditions, such as bull or bear markets, influence activity levels, with higher activity boosting yields and lower activity reducing them.
From 2.5% APY in a bear market to 22%+ during peak market activity, DeFi rewards like Venus’ can drive a significant additional source of rewards for integrators.
Why should you use Kiln DeFi to offer Venus rewards?
Kiln is the leading enterprise-grade staking platform, enabling institutional customers to earn rewards on their digital assets or integrate our tech stack into their products. The API-first platform supports fully automated rewards, data, and commission management.
With Kiln DeFi, our clients seamlessly access a wide range of protocols like Venus and assets without having to build commercial agreements and integrating different deposit/withdraw flows for each DeFi protocol.
Gain control with comprehensive reporting and monitoring of your Venus DeFi positions, rewards, and audited smart contracts.
Learn more about Kiln DeFi