Figment has teamed up with OpenTrade and Crypto.com to create a stablecoin yield product aimed at institutional investors, offering a competitive annual yield of about 15%. This innovative product enables users to stake SOL while mitigating price risk.
By depositing stablecoins, investors can accrue interest without direct exposure to SOL’s price fluctuations, with Crypto.com managing staked assets in legally segregated accounts. The service is available via Figment’s platform and API, allowing for flexible deposits and withdrawals.
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