Figment, a serious staking infrastructure supplier with $18 billion in belongings beneath stake, is partnering with OpenTrade and Crypto.com to supply a brand new yield product aimed toward institutional buyers searching for returns on stablecoins.
The product provides roughly 15% annual returns, primarily based on previous efficiency, by staking Solana and utilizing perpetual futures to offset the value volatility of the token. Buyers deposit stablecoins and obtain curiosity with out being straight uncovered to the value of SOL. The staked belongings are custodied by Crypto.com in legally segregated accounts.
Whereas staking has usually required publicity to the value of the token being staked, this construction separates the yield from the asset’s volatility. For instance, an establishment holding USDC can earn a return just like SOL staking — normally round 6.5% to 7.5% — whereas avoiding the chance of value swings. The extra return comes from managing futures positions that neutralize value actions.
This method is totally different from typical DeFi lending, which frequently entails counterparty threat and fewer transparency. Figment and OpenTrade say the product provides establishments the power to earn yield whereas interacting solely with identified entities and inside a authorized framework not normally out there in on-chain markets.
Crypto.com’s custody association contains safety curiosity provisions and retains belongings separate from the corporate’s personal stability sheet — a function usually required by institutional compliance requirements.
The product is accessible by means of Figment’s platform and utility programming interfaces (APIs). Stablecoins could be deposited and withdrawn at any time, with curiosity accruing from the second of deposit.
Whereas the construction could not attraction to retail customers accustomed to decentralized finance, it displays a shift towards extra managed, predictable yield methods in crypto markets.
