PANews reported on August 6 that according to The Block, the institutional cryptocurrency staking platform Kiln launched "Kiln DeFi", which aims to simplify access to re-staking and allow users to earn additional returns on their digital assets. Kiln DeFi allows its integrators to provide stablecoin rewards to users from multiple DeFi lending protocols such as Aave, Morpho, and Compound through their wallets or native workflows within the platform. Crypto.com DeFi Wallet is a non-custodial Web3 wallet developed by a centralized cryptocurrency exchange and is the first integrator to launch Kiln's new service.