Figment, a leading staking infrastructure provider with $18 billion in assets at stake, is partnering with OpenTrade and Crypto.com to offer a new yield product aimed at institutional investors seeking returns on stablecoins.
The product offers annual returns of approximately 15%, based on past performance, by staking Solana and use perpetual futures contracts to offset the token’s price volatility. Investors deposit stablecoins and receive interest without being directly exposed to the price of SOL. The assets staked are kept by Crypto.com in legally separate accounts.
Although staking generally requires exposure to the price of the staked token, this structure separates return from the volatility of the asset. For example, an institution holding USDC can earn a return similar to SOL staking – typically between 6.5% and 7.5% – while avoiding the risk of price fluctuation. Additional yield comes from managing futures positions that neutralize price movements.
This approach is different from traditional DeFi lending, which often involves counterparty risk and less transparency. Figment and OpenTrade say the product gives institutions the ability to generate revenue while interacting only with known entities and within a legal framework not typically available on on-chain marketplaces.
Crypto.com’s custody agreement includes collateral provisions and keeps assets separate from the company’s own balance sheet – a feature often required by institutional compliance standards.
The product is accessible through the Figment platform and application programming interfaces (APIs). Stablecoins can be deposited and withdrawn at any time, with interest accruing from the time of deposit.
While the structure may not appeal to retail users familiar with decentralized finance, it reflects a move toward more controlled and predictable return strategies in crypto markets.
