Former Pledging Service Provider Kiln Launches Railnet, an Institutional Revenue Infrastructure
2025-11-24 08:29:25
On November 24th, the original pledge service provider Kiln announced the launch of Railnet, an institutional-oriented income infrastructure. According to the announcement, Railnet is an open income layer that regulates the flow of capital between different income sources. It does not participate in deposit competition, but connects asset managers, protocols and platforms through a unified channel. The protocol is working with Ethena, Sentora, Chainlink, and others. In September, the pledge service provider Kiln announced that after SwissBorg was hacked and lost about $41 million worth of SOL, it will start the orderly exit of all Ethereum verification nodes on September 10, 2025. It is expected to be completed in 10 to 42 days, and the withdrawal will take another 9 days. It is a preventive measure to ensure the safety of assets.
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