Full-Time
Finance Engineer
Finance, Multiple Teams
Posted on 7/26/2025
Kiln
51-200 employees
ETH staking infrastructure with validators
No salary listed
Paris, France
In Person
 Finance & Banking (1) |
|---|
- SQL and Python: Proficient in data analytics using SQL and Python.
- Blockchain and Crypto: Demonstrated interest; knowledge of protocols, blockchain explorers, and smart contracts is a plus.
- Data: Good understanding of data engineering concepts, such as data transformation (dbt) and cloud data warehousing (BigQuery)
- Financial Modeling: solid understanding of financial modeling, KPIs, and reporting with Google Sheets and Excel.
- Education: Master's degree in Technology or Finance.
- Languages: Fluent in English and ideally French.
- Monitor Proof-of-Stake protocols and blockchain networks to identify and analyze financial implications. Keep updated on market trends and regulatory changes to inform our strategies.
- Integrate various data sources, including on-chain information, blockchain aggregators/explorers, and internal services, using APIs. Ensure data accuracy, completeness, and consistency in Kiln’s databases.
- Develop and deliver comprehensive financial reports tailored to the needs of Kiln, our partners and customers. Use data analysis to create custom reports that track Kiln's financial metrics (Revenue, Expenses, AUS, etc.) and provide valuable insights to our customers (Staking activity, Reward statements, etc.).
- Create new internal tools and automated solutions to enhance the efficiency of Kiln’s financial and operational processes, including billing, treasury management, and cryptocurrency transaction reconciliation.
- Address customer inquiries related to invoicing and financial data. Work closely with the leadership team, providing finance insights to aid in risk mitigation and opportunity identification.
- Knowledge of protocols, blockchain explorers, and smart contracts is a plus.
Kiln focuses on Ethereum staking infrastructure for enterprises and individuals. It offers dedicated validators, pooled staking, and validator NFTs, all accessible through API and SDK integrations to automate operations and reporting workflows. How it works: clients connect via Kiln’s API/SDK to deploy or join staking setups, receive ETH rewards from validators, and manage stake data through Kiln’s tooling and dashboards. The validator NFTs provide a tokenized representation of validator positions. Kiln differentiates itself through enterprise-grade offerings, partnerships (notably with MetaMask Institutional), privacy, and a meritocratic approach that prioritizes practical, revenue-generating capabilities over hype. Its goal is to help clients scale staking operations reliably, unlock new revenue streams, and become a trusted, automated staking infrastructure partner in the blockchain ecosystem.
Company Size
51-200
Company Stage
Series A
Total Funding
$39.6M
Headquarters
Paris, France
Founded
2018
Simplify's Take
What believers are saying
- OSL partnership powers ChinaAMC's ETH ETF staking launching May 15, 2026.
- Byzantine collaboration enables institutional-grade native restaking accessibility.
- Coinbase Cloud integration unlocks partial ETH staking for 99% of sub-32 ETH wallets.
What critics are saying
- Lido's 32% ETH staking dominance captures enterprise clients, eroding Kiln revenue.
- Hong Kong SFC reverses staking approvals, eliminating ChinaAMC ETF channel by 2027.
- Byzantine restaking yields surpass Kiln's 3.2% APY, migrating institutional capital.
What makes Kiln unique
- Kiln offers enterprise-grade ETH staking with dedicated validators and API/SDK integrations.
- Kiln manages over $13 billion in assets across 50+ PoS chains like Solana and Aptos.
- Kiln provides non-custodial pooled staking and validator NFTs for flexible institutional access.
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Benefits
Equity share options
Competitive salary
Flexible holiday
Flexible remote working
Phone/Internet Stipend
Professional Development Budget
Growth & Insights and Company News
6 month growth
↑ 6%1 year growth
↑ 7%2 year growth
↑ 7%Ethereum's validator exodus. Ethereum appears to be experiencing a major pull-out of validators following the Shapella upgrade. Roughly 2.4 million ETH - about $9.2 billion at the current Ethereum price - sit in the exit queue, according to recent analysis, with wait times potentially stretching beyond 41 days. Such delays could result in additional pressure on the network's validator ecosystem. Even with this exodus, the system still rmaintains over a million active validators and holds approximately 35.6 million ETH, or nearly 30 % of all ETH in circulation. The imbalance remains clear: around 490,000 ETH are waiting to join, while millions are queued to exit. Several factors may explain the trend. Some analysts cite profit-taking amid market uncertainty and security-related withdrawals following the SwissBorg breach, which reportedly prompted Kiln to initiate an "orderly validator exit". Others believe the movement relates to portfolio rebalancing ahead of U.S. Ethereum stacking ETF approvals. There are concerns that unstaked ETH could be poured into exchanges; however, on-chain data suggests that many withdrawals remain idle rather than being sold immediately. A significant portion is restaked or redirected into DeFi applications. Institutional players, such as Grayscale, also claim to have staked approximately $1.35 billion in ETH, although this figure cannot be verified on-chain, possibly offsetting some of the current outflow. The broader market downturn, visible across crypto heatmap, adds further pressure. The lengthy validator exit queue highlights an important aspect of Ethereum's design: withdrawals are limited, preventing validators from leaving all at once. This mechanism enhances network security but also extends wait times. The Block reports that the exit queue has reached a record high, with over 744,000 validators waiting in line. Analysts remain divided on what this means. Some warn of emerging "staking fatigue," where declining yields and liquidity concerns drive users away. Others - such as analysts cited by Mitrade - see the situation as a redistribution among custodial services, institutions, and liquid-staking platforms, rather than a mass exit. The numbers paint a nuanced picture. While the queue holds over 2 million ETH, total staked ETH remains near its all-time high, suggesting continued confidence. The share of ETH locked in staking rose from 27 % to 30 % year-over-year, according to CoinMarketCap Academy. Major operators like Coinbase, Figment, and Lido continue to add stake, reflecting trust in long-term yields. Overall, Ethereum's validator exits seem more like a structural shift than a crisis. The surge in withdrawals may indicate a maturing ecosystem, where participants can enter and exit more freely. Behavior patterns appear to be evolving in response to market sentiment, regulatory changes, and staking rewards. If large investors keep allocating funds and tools like EigenLayer absorb some of the freed-up ETH, this withdrawal wave could ultimately decentralize control and strengthen the network. However, if withdrawal rates continue to outpace new deposits through late 2025, Ethereum could face short-term yield compression and liquidity challenges. The 2.4 million ETH exit line thus reflects a period of adjustment and realignment - not a breakdown, but a transition worth watching as the platform evolves.
This spike began on September 9 when Kiln exited all its validators due to security concerns after incidents like the NPM supply-chain attack and the SwissBorg breach.
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. Trust Wallet, the world’s leading self-custody Web3 wallet trusted by over 200 million users, has launched Stablecoin Earn, a new feature that lets users deposit stablecoins and earn seamlessly with full flexibility. By integrating secure and automated onchain strategies, Trust Wallet makes earning passive rewards seamless, flexible, and fully non-custodial—all within the app.With no lock-up periods and support for stablecoins like USDC, USDT, DAI, and USDA across multiple blockchains—including Ethereum, BNB Chain, Base, and Arbitrum – Stablecoin Earn offers a simple way to put your stablecoins to work while maintaining full control over assets. “Last September, we observed that billions in USDT held by Trust Wallet users on-chain remained inactive for six months despite somewhat bullish market conditions
Create an account to save your articles.Create an account to save your articles.Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEOver a week ago, Hong Kong's Securities and Futures Commission (SFC) approved staking services in an effort to "rewrite the rules" of finance. Now, those efforts are starting to bear fruit.The SFC's approval has opened the way for China Asset Management (ChinaAMC) to launch a staking-enabled Ethereum ETF through a collaboration with OSL Digital Securities by May 15, according to a statement.Institutional yield from fully-compliant platforms such as OSL comes as new favorable rules and Hong Kong’s desire to be a central digital assets hub for Asia begin to take shape.Earlier this month, Bosera International and HashKey Capital Limited jointly launched their own fund with a staking provision. That ETF is expected to launch on April 25.The collaboration between the pair transforms ChinaAMC's Ether ETF from a passive investment product into an active participant in the Ethereum ecosystem, enabling investors to receive proof-of-stake rewards.Such a convention "lowers the threshold to participating in Ethereum staking," Thomas Zhu, head of digital assets at ChinaAMC, said in the statement.A closer lookThe staking architecture leverages OSL's status as the first insured and SFC-licensed digital asset platform in Hong Kong. It works with Kiln, a staking platform powering other chains such as Solana, Aptos, and Sui.They sealed that partnership on April 10, with the aim of bringing Ethereum staking to market.OSL provides custody services with cold storage and insurance coverage, while Kiln manages the validator nodes that perform consensus duties on the Ethereum network.The technical implementation maintains a segregation of duties: Kiln manages validation while OSL controls the assets and reward distribution.Staking rewards generated through this will accrue to the ETF and be incorporated into its net asset value, benefiting its shareholders, the statement reads.Edited by Sebastian Sinclair
Press Release Trust Wallet Launches ‘Stablecoin Earn’ to Boost Crypto Earning Opportunities Stablecoin Earn feature lets users maintain full control of assets while tapping into multiple DeFi protocols. Press Release · · 3 min readDisclaimer: This is a sponsored press release. Readers should conduct their own research prior to taking any actions related to the content mentioned in this article. Learn more ›Dubai, UAE, 28th April 2025 – Users can earn seamlessly on stablecoins with flexible, secure onchain strategies — while maintaining full control over assets.Trust Wallet, the world’s leading self-custody Web3 wallet trusted by over 200 million users, has launched Stablecoin Earn, a new feature that lets users deposit stablecoins and earn seamlessly with full flexibility. By integrating secure and automated onchain strategies, Trust Wallet makes earning passive rewards seamless, flexible, and fully non-custodial—all within the app.With no lock-up periods and support for stablecoins like USDC, USDT, DAI, and USDA across multiple blockchains—including Ethereum, BNB Chain, Base, and Arbitrum – Stablecoin Earn offers a simple way to put users’ stablecoins to work while maintaining full control over assets.Last September, we observed that billions in USDT held by Trust Wallet users on-chain remained inactive for six months despite somewhat bullish market conditions. For our ‘holder-ish’ users, our goal is to help them put their assets to work, while also activating valuable liquidity to support on-chain projects