Figment and OpenTrade have introduced a stablecoin yield strategy that seeks to align institutional capital with Solana’s network level rewards through a structured and risk adjusted model. The product is designed to generate returns through Solana staking while using an offsetting perpetual futures hedge to stabilize performance, with custody handled by a regulated provider. Institutions deposit and withdraw stablecoins through Figment’s platform, and OpenTrade executes the underlying strategy through a managed vault that integrates the hedging model. The teams involved stated that the structure has historically produced yields higher than the base staking rate on Solana, which has generally ranged between six and seven percent. By providing a mechanism for stablecoin holders to capture staking linked returns without directly managing exposure to Solana’s volatility, the product is positioned as a differentiated yield pathway that sits between decentralized finance instruments and real world asset lending frameworks. Both firms cite rising institutional demand for regulated exposure to Solana’s reward system as a core rationale behind the launch.
The introduction of this yield strategy arrives during a period of rapid growth in regulated access points to Solana staking. The approval of the GENIUS Act earlier in the year provided a definitive federal framework for stablecoin issuers, although it restricts them from offering yield directly to token holders. This has pushed several market participants to explore alternative return structures that fall outside the scope of direct issuance. Solana has emerged as a focal point of these efforts due to its expanding set of staking related products, including newly launched exchange traded funds that stake assets on behalf of shareholders. Demand for these funds has been notable, with initial entrants accumulating hundreds of millions in assets under management shortly after launch. While these vehicles offer a regulated pathway to participate in Solana’s reward cycle, some institutions have expressed interest in complementary models that allow stablecoin denominated exposure without direct asset conversion. The Figment and OpenTrade structure answers this by providing a yield driven mechanism that preserves stablecoin denomination while capturing staking economics in a hedged format.
The ecosystem surrounding Solana staking continues to broaden, and the entrance of institutional grade products that combine stablecoin access with network rewards highlights a broader shift in how yield is sourced across digital asset markets. The strategy developed by Figment and OpenTrade illustrates the integration of on chain reward flows with structured financial design intended to align with regulatory expectations and institutional mandates. Market data shows that Solana’s price has faced short term pressure despite rising interest in these yield products, suggesting that yield oriented activity is increasingly decoupled from spot market performance. The expanding range of staking based instruments may contribute to greater segmentation between capital seeking reward stability and capital seeking directional exposure. For institutions looking for diversified return streams within a controlled framework, the new stablecoin product represents a potential entry point that combines the operational security of established staking providers with a hedge designed to temper volatility while maintaining connection to one of the fastest growing blockchain networks.
