Figment, OpenTrade, and Crypto.com have teamed up to launch a new institutional-grade stablecoin yield product that targets roughly 15% annual returns by combining SOL staking with hedged futures strategies.
Figment — one of the largest staking providers with $18 billion in assets under stake — is collaborating with OpenTrade and Crypto.com to deliver a yield solution designed for compliance-focused institutions seeking returns on stablecoin holdings.
The structure uses staked Solana (SOL) to generate base yield, while perpetual futures neutralize the underlying token’s price volatility. Institutions deposit stablecoins and earn interest without taking SOL exposure. Crypto.com provides custody through legally segregated accounts, ensuring assets remain isolated from the firm’s own balance sheet.
Traditionally, staking requires investors to take on the price risk of the token they are staking. This product separates those components: an institution holding USDC can capture SOL’s typical 6.5%–7.5% staking yield, while the hedging strategy delivers additional return by managing futures positions to offset market swings.
Figment and OpenTrade emphasize that the setup avoids the opaque counterparty risks and fragmented disclosures often associated with DeFi lending platforms. Instead, participants interact exclusively with known, regulated entities under a legal and operational framework familiar to institutions.
The product is accessible through Figment’s platform and APIs, allowing institutions to deposit or withdraw stablecoins at any time, with interest accruing immediately upon deposit.
While the model may be less appealing to retail users who prefer traditional DeFi tools, it highlights the growing demand for structured, transparent, and risk-mitigated yield products within the institutional crypto market.

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