Figment, OpenTrade and Crypto.com Offer 15% Stablecoin Yield Product for Institutions
Figment, a major staking infrastructure provider with $18 billion in assets under stake, is partnering with OpenTrade and Crypto.com to offer a new yield product aimed at institutional investors looking for returns on stablecoins.
The product offers roughly 15% annual returns, based on past performance, by staking Solana and using perpetual futures to offset the price volatility of the token. Investors deposit stablecoins and receive interest without being directly exposed to the price of SOL. The staked assets are custodied by Crypto.com in legally segregated accounts.
While staking has typically required exposure to the price of the token being staked, this structure separates the yield from the asset’s volatility. For…
