Original staking service provider Kiln launches Railnet, a yield infrastructure for institutions

On November 24, it was reported that the former staking service provider Kiln announced the launch of Railnet, a yield infrastructure aimed at institutions. According to the announcement, Railnet is an open yield layer that standardizes the way capital flows between different yield sources. It does not participate in deposit competition, but instead connects asset management companies, protocols, and platforms through a unified channel. The protocol is currently collaborating with Ethena, Sentora, Chainlink, and others. In September, staking service provider Kiln issued an announcement stating that after SwissBorg suffered a hacker attack resulting in a loss of approximately $41 million worth of SOL, all Ethereum validator nodes will begin an orderly exit on September 10, 2025, which is expected to take 10 to 42 days to complete, with withdrawals requiring an additional 9 days. This is a precautionary measure to ensure asset security.