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Original Staking Service Provider Kiln Launches Institutional Yield Infrastructure Railnet
BlockBeats News, November 24th, according to official sources, the original staking service provider Kiln announced the launch of the institutional-facing yield infrastructure Railnet.
The announcement stated that Railnet is an open yield layer that standardizes the flow of capital across different yield sources. It does not engage in a deposit competition but rather connects asset management firms, protocols, and platforms through a unified channel. The protocol is collaborating with Ethena, Sentora, Chainlink, among others.
In September, staking service provider Kiln announced that following the hack of SwissBorg resulting in a loss of approximately $41 million worth of SOL, it will commence the orderly exit of all Ethereum validating nodes on September 10, 2025. The process is expected to take between 10 and 42 days to complete, with an additional 9 days for withdrawal, as a precautionary measure to ensure asset security.
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