Figment, OpenTrade and Crypto.com Offer 15% Stablecoin Yield Product for Institutions
Figment, OpenTrade, and Crypto.com launched a 15% stablecoin yield product for institutions using SOL staking and futures hedging.Summary
Figment, a staking infrastructure provider, has partnered with OpenTrade and Crypto.com to introduce a new yield product targeting institutional investors seeking returns on stablecoins, aiming for approximately 15% annual returns based on past performance. The mechanism involves staking Solana (SOL) and simultaneously using perpetual futures contracts to neutralize the price volatility of SOL, allowing investors to deposit stablecoins and earn yield without direct exposure to SOL's price fluctuations. Crypto.com handles custody in legally segregated accounts with security interest provisions, meeting institutional compliance needs. This structure separates yield from asset volatility, offering a more controlled and transparent alternative to typical DeFi lending, accessible via Figment’s platform and APIs.
(Source：CoinDesk)