Crypto.com expands utility for PYUSD with DeFi Lending on Kamino

When stablecoins no longer remain "idle"

In an increasingly competitive crypto market, simply holding stablecoins for defensive purposes is no longer the optimal choice. Users increasingly expect stablecoins to:

• Maintain stable value

• It has good liquidity.

• And generate sustainable returns.

The inclusion of PYUSD in Kamino's DeFi Lending platform allows this stablecoin to shift from a "placeholder asset" to a cash flow-generating asset , without requiring users to directly interact with complex DeFi protocols.

Kamino, the DeFi piece behind the scenes.

Kamino is a DeFi lending protocol that operates on a model of optimized liquidity and automated risk management. Instead of users having to choose a pool, adjust strategies, or monitor interest rate fluctuations themselves, Kamino acts as an intermediary to simplify the lending experience, making it particularly suitable for users from CEXs.

Through this integration, Crypto.com acts as a bridge between centralized assets and decentralized yields, significantly reducing the complexity of participation.

Why is this move noteworthy?

Crypto.com's support for PYUSD DeFi lending reflects three major market trends:

1. CEXs are no longer staying out of DeFi: Instead of competing, exchanges are choosing to integrate DeFi as an additional product layer.

2. Stablecoins need more use cases to survive: Yield is a key factor in helping stablecoins retain users during a sluggish market.

3. Users prioritize simplicity over high returns: A rate of ~4.5%/year isn't outstanding, but it offers an accessible experience with minimal steps.

Conclude

The fact that PYUSD can generate yields through DeFi lending on Kamino shows that the lines between CeFi and DeFi are blurring . For mainstream users, this is a reasonable option to optimize stablecoins without leaving their familiar ecosystem.

In the long term, integrations like these could become the new standard: DeFi in the background, a simple experience in the foreground .

Disclaimer: The information presented in this article is the author's personal opinion in the field of cryptocurrency. This is not financial or investment advice. All investment decisions should be based on careful consideration of your personal portfolio and risk tolerance. The views expressed in this article do not represent the official stance of the platform. We recommend that readers conduct their own research and consult with experts before making any investment decisions.

Compiled and analyzed by HCCVenture

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