Figment and OpenTrade launched a stablecoin yield product targeting 15% APR through Solana staking combined with perpetual futures hedging. Institutional clients deposit stablecoins, which are converted to SOL ($131.04), staked via Figment, and hedged through short positions on Crypto.com. The structure aims to provide higher yields than Treasury-backed alternatives while avoiding DeFi protocol risks. Returns depend on funding rates and Solana network performance, with multiple counterparty dependencies including Figment, OpenTrade, and Crypto.com. The product represents infrastructure providers expanding into structured financial products and may validate similar offerings across other proof-of-stake networks.
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