What Is It?

OpenTrade is an institutional grade stablecoin infrastructure platform that unlocks access to real world asset backed returns on chain.

OpenTrade Stablecoin Staking Yield Powered by Figment offers Solana staking rewards with price-neutral hedging strategies aimed to mitigate the volatility of buying and staking SOL.

Integrate Stablecoin Staking Yield into your earn products without the complexity of managing trading strategies and execution yourself.

Prerequisites

In order to interact with the vault smart contract, you must be an OpenTrade customer. If you have already completed the onboarding process with OpenTrade, you may use the Figment app and API's to manage your positions in the vault. You will need to use the same wallet as provided to OpenTrade during the onboarding process.

Coming Soon: Add wallets to the vault allowlist via API.

If you have not completed the onboarding process with OpenTrade, please visit our website to get started.

Depositing

Approve Transaction: Approve deposit of ERC-20 tokens into the desired OpenTrade vault.
Deposit Transaction: Deposit ERC-20 tokens into the desired OpenTrade vault.
Get balance: Check vault balance for a given depositing address.

Tracking

Rewards: Daily vault balance changes for a given depositing address.
APR: Annual Percentage Rate (30d, 90d, YTD)

Withdrawing

Redeem transaction: Request a redemption from the vault.
Wait: Redemption fulfillment takes 3 to 5 business days.
- Tokens are automatically sent to the depositing wallet once the redemption is processed. There is no need to make a claim type transaction.