Figment, OpenTrade and Crypto.com Offer 15% Stablecoin Yield Product for Institutions

Figment, OpenTrade, and Crypto.com have unveiled a new yield product designed for institutional investors, offering approximately 15% annual returns by staking Solana (SOL) and utilizing perpetual futures to mitigate price volatility. This product facilitates investment through stablecoins, allowing institutions to earn interest without direct exposure to the fluctuations of SOL's price. Crypto.com provides secure custody for the staked assets in legally segregated accounts, thereby reducing counterparty risks and ensuring compliance standards are met. Moreover, unlike typical decentralized finance (DeFi) lending systems that may involve higher risks and less transparency, this offering ensures that institutions interact with recognized entities within a governed framework. The arrangement allows for stablecoins to be deposited at any time, with interest accruing from the moment of deposit. This strategy signals a shift towards more regulated, predictable yield opportunities in the crypto landscape, which may appeal less to retail investors familiar with traditional DeFi models.

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