Figment and OpenTrade launch new stablecoin yield product
Figment and OpenTrade launched a stablecoin yield product offering 15% APR using Solana staking and futures hedging.Summary
Staking provider Figment and yield infrastructure solution OpenTrade have launched a new stablecoin yield product, OpenTrade Stablecoin Staking Yield Powered by Figment, with Crypto.com acting as custodian. The product aims to deliver an average Annual Percentage Rate (APR) of 15% by combining returns from staking Solana (SOL) with hedged perpetual SOL futures positions, offering returns significantly higher than traditional SOL staking alone. Key features include institutional-grade security, flexible deposits and withdrawals, and asset segregation, with investors holding a security interest over the custodied SOL tokens. The collaboration addresses the growing demand for high-yield solutions among exchanges, wallets, and fintechs by combining market-leading returns with strong protections not typically found in purely Real-World Asset (RWA) or Decentralized Finance (DeFi) strategies.
(Source：Crypto Briefing)