BlockBeats news, on November 24, according to official news, the original staking service provider Kiln announced the launch of Railnet, a yield infrastructure for institutions. The announcement stated that Railnet is an open yield layer that standardizes the way capital flows between different sources of yield. It does not engage in deposit competition but connects asset management companies, protocols, and platforms through unified channels. The protocol is collaborating with Ethena, Sentora, Chainlink, and others. In September, the staking service provider Kiln announced that after SwissBorg suffered a Hacker attack resulting in a loss of approximately 41 million USD SOL, it would initiate the orderly exit of all Ethereum validation nodes on September 10, 2025, expecting to complete it in 10 to 42 days, with withdrawals taking an additional 9 days, as a preventive measure to ensure asset security.
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