- Figment and OpenTrade’s “OpenTrade Stablecoin Staking Yield” offers a 15% APR by leveraging Solana staking returns, providing institutional clients with a unique yield opportunity.
- The product’s strategy combines staking rewards with a perpetual-futures hedge, delivering returns above Solana’s typical 6.5-7.5% staking rate.
- The product meets growing institutional demand for regulated access to Solana’s network rewards, with providing custody and Figment handling deposits and withdrawals
Figment and OpenTrade have debuted “OpenTrade Stablecoin Staking Yield,” a revolutionary stablecoin yield instrument aimed at achieving a 15% APR by utilising Solana staking returns. The pathbreaking product furnishes the institutional clients with a one-of-a-kind yield which neither traditional real-world assets nor decentralised finance routes can offer. The product, which holds the custody of the underlying assets, is strategically positioned to be at the forefront of the institutional wave of demand for a regulated gateway to network rewards of Solana.
Hedged SOL Staking Model
The product’s hedged SOL staking strategy merges staking reward with the corresponding perpetual-futures hedge, which OpenTrade vault executes by itself. In fact, this method had provided return rates higher than Solana’s regular 6.5-7.5% staking rate over a number of times.
The institutions are authorized to make stablecoin deposits and withdrawals via the Figment platform with the interest being calculated on the spot and without any lockup periods.
Also Read: SOL Market Update Shows Opportunities for Next Price Move
Rising demand for regulated access
The debut of the product comes in response to the growing institutional curiosity for returns based on staking that followed up the US GENIUS Act providing a clear-cut regulatory framework for stablecoin issuers.
Nevertheless, the legislation also forbids stablecoin issuers to pay or yield by interest to token holders and thus the emphasis on staking-based returns has been redressed. SOL has attracted a great deal of attention due to the several newly launched staking ETFs including REX-Osprey’S SSK fund and Bitwise’s Solana ETF.
Also Read: Solana Surges To The Top As The No. 1 Blockchain In DEX Activity
Market Context and Outlook
Though the price of SOL has been quite challenging recently, going around $135 per token, down by 19% over the last two weeks, there are nevertheless increased regulated accesses to Solana staking rewards. As a consequence, institutions will be looking for yield opportunities in products such as OpenTrade Stablecoin Staking Yield, who are ready to provide such demand in a secure and regulated manner.
Also Read: Solana ETF Set for Launch as VanEck Submits Final 8-A Filing
