<\/p>\n
\n Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. <\/p>\n<\/p><\/div>\n
Figment has partnered with OpenTrade and Crypto.com to launch a first-of-its-kind stablecoin yield product offering institutional-grade security and historically strong returns.<\/p>\n
New York<\/strong> \u2013 The world\u2019s largest independent staking provider Figment with $18 billion in assets under stake is expanding into stablecoin yield products with OpenTrade, with leading custodial support from Crypto.com. The first product, OpenTrade Stablecoin Staking Yield Powered by Figment, delivers an average 15% APR on stablecoins (based on historical data and subject to market conditions). It is a first-of-its-kind combination of staking rewards and hedging against the underlying price volatility of staked tokens. The product is powered by a dedicated Figment-run validator combined with OpenTrade\u2019s institution-grade stablecoin yield infrastructure. Crypto.com<\/a> will serve as the custodian of the staked assets and exchange for transactions.\u00a0<\/p>\nInstitutional customers want higher yields on stablecoins while mitigating risks inherent to lending and DeFi. Figment is bringing its \u201csafety over liveness\u201d approach to deliver higher returns, with lower risk, charting a unique path avoiding the exposure typically associated with DeFi marketplaces.\u00a0<\/p>\n\nThe product\u2019s infrastructure has legal protections for institutions not otherwise available in DeFi lending.\u00a0<\/li>\nCrypto.com and OpenTrade have an industry-leading agreement that enables SOL tokens to be custodied in a segregated account, over which investors are granted a security interest. Assets are also entirely segregated from assets of the exchange and any other entities.<\/li>\nCustomers work with identified counterparties who are available 24\/7.\u00a0<\/li>\n<\/ul>\nWhile investors deposit and withdraw stablecoins, the product\u2019s earnings are derived from Solana (SOL) staking returns generated by Figment and offsetting perpetual SOL futures managed by OpenTrade, together delivering historical returns more than double Solana\u2019s usual ~6.5-7.5% staking reward rate. The product is straightforward, all accessible via the Figment platform and APIs. Deposit stablecoins via Figment, begin earning interest immediately, and withdraw any stablecoin amount at any time.\u00a0<\/p>\n\u201cWe\u2019re bringing our battle-tested infrastructure and security mindset to stablecoins to offer customers exceptional yield opportunities with the peace of mind of an institutional service,\u201d said Andy Cronk, Co-founder and Chief Product Officer of Figment.<\/p>\n\u201cAs stablecoin usage and demand for stablecoin yield solutions amongst exchanges, wallet providers, and other fintechs has continued to surge, we have been working closely with Figment to build and deliver a new stablecoin yield offering that improves on existing options in the market today,\u201d said Jeff Handler, Co-Founder and CCO of OpenTrade. \u201cStablecoin Staking Yield is the result of these efforts, and through our partnership, any company with stablecoins can access a new category of yield options which offer a combination of market leading returns and strong protections, which together cannot be accessed across either solely RWA or DeFi investment strategies.\u201d<\/p>\n\u201cWe have purpose built our platform in order to serve the needs of all traders today and tomorrow,\u201d said Karl Turner, Director at Crypto.com. \u201cWe are proud to support Figment, a true leader in staking capabilities, in enabling a staking stablecoin offering that clients are increasingly looking for in the digital asset investment landscape.\u201d<\/p>\n <\/p>\n\n\n <\/use> <\/svg> <\/div>\n\n Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Figment has partnered with OpenTrade and Crypto.com to launch…<\/p>\n","protected":false},"author":1,"featured_media":11642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16090"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16090\/revisions"}],"predecessor-version":[{"id":16091,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16090\/revisions\/16091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11642"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Institutional customers want higher yields on stablecoins while mitigating risks inherent to lending and DeFi. Figment is bringing its \u201csafety over liveness\u201d approach to deliver higher returns, with lower risk, charting a unique path avoiding the exposure typically associated with DeFi marketplaces.\u00a0<\/p>\n
While investors deposit and withdraw stablecoins, the product\u2019s earnings are derived from Solana (SOL) staking returns generated by Figment and offsetting perpetual SOL futures managed by OpenTrade, together delivering historical returns more than double Solana\u2019s usual ~6.5-7.5% staking reward rate. The product is straightforward, all accessible via the Figment platform and APIs. Deposit stablecoins via Figment, begin earning interest immediately, and withdraw any stablecoin amount at any time.\u00a0<\/p>\n
\u201cWe\u2019re bringing our battle-tested infrastructure and security mindset to stablecoins to offer customers exceptional yield opportunities with the peace of mind of an institutional service,\u201d said Andy Cronk, Co-founder and Chief Product Officer of Figment.<\/p>\n
\u201cAs stablecoin usage and demand for stablecoin yield solutions amongst exchanges, wallet providers, and other fintechs has continued to surge, we have been working closely with Figment to build and deliver a new stablecoin yield offering that improves on existing options in the market today,\u201d said Jeff Handler, Co-Founder and CCO of OpenTrade. \u201cStablecoin Staking Yield is the result of these efforts, and through our partnership, any company with stablecoins can access a new category of yield options which offer a combination of market leading returns and strong protections, which together cannot be accessed across either solely RWA or DeFi investment strategies.\u201d<\/p>\n
\u201cWe have purpose built our platform in order to serve the needs of all traders today and tomorrow,\u201d said Karl Turner, Director at Crypto.com. \u201cWe are proud to support Figment, a true leader in staking capabilities, in enabling a staking stablecoin offering that clients are increasingly looking for in the digital asset investment landscape.\u201d<\/p>\n
\n Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. <\/p>\n<\/p><\/div>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Figment has partnered with OpenTrade and Crypto.com to launch…<\/p>\n","protected":false},"author":1,"featured_media":11642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16090"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16090\/revisions"}],"predecessor-version":[{"id":16091,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16090\/revisions\/16091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11642"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}