Figment & OpenTrade don launch 15% stablecoin staking yield for Solana wit Crypto.com custody
Figment and OpenTrade don drop dia product wey dem call “OpenTrade Stablecoin Staking Yield” for Solana, wey dey give 15% APR target by joining Solana staking reward and hedged perpetual SOL futures. Crypto.com dey act as custodian, the product get institution level stablecoin staking wey dey offer separate SOL custody, flexible deposit and withdrawals through Figment platform plus better security wey a16z Crypto and Circle support. This one dey perform pass normal Solana staking rate wey something like 6.5–7.5%, and e sef dey fulfill demand for compliant staking yield after US GENIUS Act ban interest-bearing stablecoins. The launch plus new Solana staking ETFs from REX-Osprey, Bitwise and Grayscale show say institutions dey ginger to put money for Solana staking. Even though SOL price don drop 19% to about $135, this high-yield stablecoin staking strategy fit attract fresh money and boost network participation.
Bullish
De launch of 15% stablecoin staking yield on Solana, wey dey backed by institutional-grade custody and hedged futures, fit make demand for SOL increase both short term and long term. For near term, traders fit put money to catch attractive yields wey go support SOL price stability. For long term, as product dey attractive to institutions and e align with regulatory compliance (after GENIUS Act), e fit make network participation increase and boost confidence for Solana staking, wey go support a bullish outlook.