OpenTrade and Figment Launch a Game-Changing Stablecoin Staking Yield
The cryptocurrency landscape continues to evolve, and OpenTrade has recently introduced a groundbreaking initiative in stablecoin staking. In partnership with Figment, the largest independent staking provider, and custodial support from Crypto.com, OpenTrade unveils a stablecoin yield product aimed at delivering a premium annual percentage rate (APR) of around 15%—a significant improvement over existing market options.
How Stablecoin Staking Yield Works
The new yield product leverages Figment’s “safety over liveness” staking architecture, allowing investors to earn high returns without exposure to volatile decentralized finance (DeFi) lending markets. By combining staking rewards from Solana (SOL) with a robust hedging strategy, the platform minimizes market risks while generating superior returns. As historical data suggests, this innovative approach has achieved yields more than double Solana’s native staking rewards, estimated at 6.5% to 7.5% annually.
Innovative Security Backed by Crypto.com
A critical component of this partnership is the custodial support provided by Crypto.com. The platform ensures that SOL holdings are kept in segregated accounts, securing the assets from external risks while granting custodial rights to investors. This legal framework provides institutional-grade protections that are uncommon in the DeFi sector, delivering peace of mind to investors.
Expert Insights: What the Leaders Are Saying
Andy Cronk, Co-Founder and Chief Product Officer of Figment, emphasized the platform’s focus on safety and stability. “We’re bringing our battle-tested infrastructure to stablecoin staking, offering exceptional yield opportunities alongside institutional-grade safeguards.”
Meanwhile, Jeff Handler, OpenTrade’s Co-Founder and CCO, highlighted the rising demand for stablecoin yield innovations: “Stablecoin usage is growing rapidly, and our joint offering bridges the gap between high returns and robust investor protections.”
Karl Turner, a Director at Crypto.com, added, “We’re proud to support this initiative, providing the essential infrastructure and custodial expertise required to enable secure, high-return stablecoin staking.”
Why This Matters
The new Stablecoin Staking Yield product caters to exchanges, wallet providers, and fintech companies looking for market-leading APRs and risk-aversion solutions. By merging staking, custodial security, and hedging strategies, this product sets a new benchmark in the stablecoin investment landscape.
Start Staking Today
If you’re exploring the potential of stablecoin investments, consider starting your journey with trusted platforms like Crypto.com. With cutting-edge yield solutions and unparalleled security, this partnership offers an excellent opportunity for both institutional and retail investors alike.
