OpenTrade has unveiled a new stablecoin yield product, backed by Figment Staking and custodied by Crypto.com. This innovative offering targets institutional clients, promising an annualized yield of around 15% on stablecoins. The product leverages Solana staking rewards and hedging strategies to enhance returns while mitigating DeFi risks. Additionally, it provides legal protections and asset isolation, features often lacking in traditional decentralized finance setups.
OpenTrade Introduces Stablecoin Yield Product with Figment and Crypto.com
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