Kiln recently announced the conclusion of its Series A funding round. The platform collected over 17 million dollars with the help of names like Illuminate Financial, ConsenSys, Kraken Ventures, GSR, Leadblock Partners, Sparkle Ventures, etc.

With the industry evolving rapidly, Kiln is offering a viable position to equip and accelerate the aggregator role. Kiln has predicted that the demand for staking Ether will increase greatly since Ethereum switched to a PoS (proof-of-stake) consensus.

Currently, users have only staked 12.5% of the total Ethereum supply. The number is quite low compared to the average of 50% to 80% of other proof-of-stake assets. With Ethereum offering an annual percentage yield of 6% to 7%, attractive returns entice more customers.

Now that Kiln has acquired enough funds to work on its plans, the industry can expect the platform to skyrocket in market standing.

(by Trevor Holman)