[Crypto World] The veteran staking service provider Kiln has recently made a big move—directly transforming and launching institutional-grade yield infrastructure called Railnet.
The positioning of this thing is quite interesting. It's not the traditional model that competes with you for deposits, but rather introduces a "yield layer" concept. Simply put, it connects asset management firms, various protocols, and platforms through a unified channel, allowing capital to flow more smoothly between different yield sources. For now, it's already brought in projects like Ethena, Sentora, and Chainlink to participate.
Looking back at September, Kiln actually went through some turbulence. At that time, SwissBorg was hit by hackers, directly losing $41 million worth of SOL. This incident prompted Kiln to immediately take preventive measures: announcing an orderly exit from all Ethereum validator nodes, with the entire process taking anywhere from 10 to 42 days, and another 9 days of waiting before withdrawals. Although this was a precautionary operation,