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Monday Nov 17 2025 17:30
2 min
Figment and OpenTrade have announced “OpenTrade Stablecoin Staking Yield,” a new offering designed to generate a 15% yield for stablecoin holders through Solana staking returns, with Crypto.com securing the underlying assets through its custodial services. As detailed in Monday's press release, institutions can deposit and withdraw stablecoins, while the yield is generated from Solana (SOL) staking rewards combined with a perpetual-futures hedging strategy executed by OpenTrade. Figment's platform manages deposits and withdrawals, with the overall strategy being run from an OpenTrade-managed vault. Figment reports that this strategy has historically outperformed the typical 6.5% to 7.5% staking rate for Solana. Jeff Handler, co-founder and chief commercial officer of OpenTrade, emphasizes that this new product opens up a unique yield opportunity for companies, one that isn't readily available through traditional real-world assets (RWA) or decentralized finance (DeFi) channels. Figment is a prominent institutional staking provider boasting $18 billion in assets under stake. OpenTrade operates a platform focused on on-chain and RWA-backed lending, as well as stablecoin yield products. Following the enactment of the US GENIUS Act in July, stablecoin issuers gained a clearer, federally mandated regulatory framework, boosting growth in the asset class. However, the law also restricts stablecoin issuers from directly offering interest or yield to tokenholders. Consequently, some institutions have turned to staking-based returns, with Solana attracting significant interest through the launch of staking exchange-traded funds (ETFs). The first Solana staking ETF, REX-Osprey’s SSK fund, launched in July and quickly surpassed $100 million in assets under management by July 22. On October 28, Bitwise launched a new Solana ETF, debuting with over $220 million in assets. The following day, Grayscale’s Solana Trust ETF (GSOL) began trading on the NYSE Arca platform. These ETFs stake the fund's SOL holdings to secure the network in return for rewards. Grayscale passes on approximately 77% of these rewards to shareholders, while Bitwise distributes around 72%, retaining the remainder as part of the fund structure. Despite increased regulated access to Solana staking rewards via ETFs, SOL's price has faced recent headwinds. As of this writing, SOL trades around $135 per token, representing a decline of approximately 19% over the past two weeks, according to CoinGecko data.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
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