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Reward management platform Kiln completes $2.50 million seed round, led by Ethereal Ventures

On August 7th, Kiln, an enterprise-grade reward management platform, completed a $2.50 million seed round of financing, led by Ethereal Ventures, Nascent, Figment Capital, Arthur Hayes (through his family office Maelstrom), Jan Xie, Nick White and others participated. According to reports, Kiln launched a new service for Kiln integrators, Kiln DeFi. Kiln DeFi enables integrators to facilitate the acquisition of stablecoin rewards by seamlessly connecting to DeFi lending protocols such as Aave, Morpho, and Compound. Through this infrastructure, integrators can easily allow users to access stablecoin rewards provided by DeFi lending protocols through their wallets or the platform's native workflow.