The launch of “OpenTrade Stablecoin Staking Yield Powered by Figment” marks a calculated attempt to bring high-yield opportunities to institutional treasuries. The product advertises a historical 15% APR on stablecoins by combining Solana staking rewards with a derivatives strategy that neutralizes market exposure. Its ambition is simple: turn volatile on-chain yield into stable, predictable cash flow inside regulated custody frameworks. For institutions that demand both compliance and liquidity, that promise carries obvious appeal.
Early materials describe the vehicle as a structure built for governance-minded treasuries. Figment generates on-chain rewards through dedicated Solana validators, while OpenTrade handles a perpetual futures overlay designed to eliminate SOL’s directional risk. This pairing turns staking rewards into a steady stablecoin yield, a transformation that institutional managers have long struggled to achieve.
How the product works and where the risks concentrate
Figment contributes the technical foundation, reporting around $18B in staked assets, more than 1,000 institutional clients, and SOC 2 certifications. The firm also integrates MEV through Jito, which it says added roughly 7 percent to rewards in a referenced quarter. OpenTrade complements this with a derivatives engine built to keep exposure delta-neutral, using perpetual futures to hedge out volatility while maintaining the reward stream.
The custody component is handled by Crypto.com, whose segregated accounts fall under supervision from the New Hampshire Banking Department. This creates a regulated wrapper for staking activity and collateral management. Informational materials frame Solana’s lower costs and higher throughput as core advantages, citing staking yields near 7.16 percent versus 3.01 percent on Ethereum. Against that backdrop, the product’s reported 15 percent stablecoin return positions it as a standout relative to traditional DeFi yields.
Despite the structured design, the risk profile remains real. Counterparty exposure in derivatives, smart contract vulnerabilities, and the possibility of stablecoin depeg events all require continual oversight. Institutions using the strategy must assess hedge liquidity, collateral processes, and withdrawal mechanics under stress. The product aims to satisfy institutional demand for yield, but true sustainability depends on robust risk controls and consistent operational performance.
In practice, treasuries may adopt this instrument to enhance stablecoin profitability while maintaining regulatory alignment, though success hinges on periodic audits and careful monitoring of the hedge engine. As the strategy evolves, the next critical step is observing performance over coming quarters and evaluating how effectively the model translates on-chain rewards into dependable, risk-adjusted income.