Figment launches stablecoin yield product targeting 15% returns for institutions

Figment, an institutional staking infrastructure provider managing $18 billion in assets under stake, announced a stablecoin yield product developed with OpenTrade and custodied by Crypto.com that targets approximately 15% annual returns based on historical performance.

The product, called OpenTrade Stablecoin Staking Yield Powered by Figment, combines Solana staking rewards with a perpetual futures hedging strategy designed to eliminate price volatility exposure while generating returns more than double Solana’s standard staking rate of 6.5-7.5%.

The offering is positioned as an alternative to DeFi lending markets, which the companies say carry counterparty risk and smart contract vulnerabilities that institutional clients prefer to avoid.

How the yield mechanism works

The product generates returns through Solana staking rewards from a dedicated Figment validator, paired with an offsetting perpetual futures strategy managed by OpenTrade to neutralize directional exposure to SOL price movements.

According to the companies, this structure has historically delivered returns exceeding 15% annually while maintaining liquidity for deposits and withdrawals with no lockup periods.

Crypto.com serves as custodian and exchange partner, with underlying SOL assets held in fully segregated accounts that the company says are legally secured for investors and isolated from the exchange’s operational funds.

Institutional customers can deposit and withdraw stablecoins through Figment’s application or APIs, with interest accruing immediately upon deposit.

Targeting institutional demand for stable yields

The launch addresses growing institutional demand for stablecoin yield products that avoid exposure to unsecured lending, liquidity pool impermanent loss, or complex DeFi structures, according to the companies.

“Stablecoin Staking Yield is the result of efforts to create a product that offers higher returns along with stronger protections,” said Jeff Handler, co-founder and chief commercial officer at OpenTrade.

He described the offering as combining staking and derivatives hedging to create an institutional yield option distinct from existing real-world asset or DeFi strategies.

Karl Turner, a director at Crypto.com, said the exchange’s infrastructure supports evolving institutional demand. “We are proud to support Figment in enabling a stablecoin staking offering that clients are increasingly looking for,” he said.

Andy Cronk, co-founder and chief product officer at Figment, said the product aligns with the firm’s security-focused approach to validator operations. “We’re bringing our infrastructure and security mindset to stablecoins,” he said.

Stablecoin yield product: Variable returns and risk disclosure

The companies emphasized that the estimated 15% APR is variable and depends on market conditions. Figment stated it does not control or guarantee yield rates, which are determined by OpenTrade’s staking and hedging strategy.

The product targets exchanges, wallet providers, fintech firms, and other digital asset companies seeking revenue opportunities outside traditional crypto lending, according to the announcement.