Figment has teamed up with OpenTrade and Crypto.com to launch a new institutional-grade yield product that provides stablecoin returns while removing direct exposure to token price volatility.
Figment, which oversees $18 billion in staked assets, is collaborating with both firms to offer a structure designed for compliance-focused investors seeking steady yields on stablecoin deposits. The product targets roughly 15% annualized returns, based on historical performance, by staking Solana (SOL) and using perpetual futures to hedge out the token’s price movements. Stablecoin deposits earn yield while the underlying SOL positions remain insulated from market swings. All staked assets are held in legally segregated custody accounts at Crypto.com.
Traditionally, staking requires taking on the price risk of the asset being staked. This structure separates the two: an institution can hold USDC, earn a staking-like return of around 6.5%–7.5%, and capture additional yield from futures hedging — without being exposed to SOL’s ups and downs. The futures component is used to neutralize volatility, enhancing returns while preserving capital stability.
The design marks a departure from typical DeFi lending models, which often include opaque counterparties and higher operational risks. Figment and OpenTrade emphasize that the new product enables institutions to earn yield through regulated, identifiable entities and within a legal framework not commonly found in on-chain markets.
Crypto.com’s custody setup includes security-interest safeguards and fully segregated accounts, keeping client assets distinct from company funds — a key requirement for many institutional compliance programs.
The product is accessible via Figment’s platform and APIs, allowing flexible deposits and withdrawals. Interest begins accruing immediately upon deposit.
While retail users may gravitate toward more open-ended DeFi strategies, the new structure reflects a maturation in crypto yield offerings, emphasizing predictable returns, regulatory alignment, and reduced market exposure.
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