figUSDC
Curated by ExceedBacked by Figure MarketsDeposits in USDC
100% of deposits held in instantly-redeemable Figure Markets HELOC pools. Standard 24-48 hour withdrawal, no redemption fee.
figUSDC turns USDC into institutional-grade yield at a fixed 8% APY, sourced from US residential HELOCs underwritten to Figure Markets' unified credit standard. Figure is a NYSE-listed US fintech and the builder of the Provenance blockchain.
HELOCs are originated through Figure's 300+ partner network — super-prime borrowers, weighted FICO 754, secured by home equity — and funded by Figure's warehouse under a single unified credit standard. Non-performing loans are swapped out of the pool before holders are exposed to default risk; performing loans cycle through the warehouse with an average duration of ~42 days before exiting into senior securitization tranches that carry S&P AAA ratings. Figure applies the same credit standard to its institutional warehouse facilities at Goldman Sachs and Jefferies. Democratized Prime has had zero realized losses since launch.
- Strategy
- Fixed yield
- Credit source
- Figure Markets
- Structure
- Bankruptcy-remote
1 strategy, 1 deposit.
100% of figUSDC deposits flow into Figure Markets HELOC warehouse credit. No DeFi exposure on the yield. Fixed 8% net to depositors. You earn a fixed or target APY; the breakdown below shows where your capital is deployed.
| Strategy | Allocation% | Strategy APYAPY |
|---|---|---|
Figure HELOCFigure Markets · US residential warehouse credit | 100.0% | 8.00% |
| Portfolio currently yielding | 0.0% | |
Allocation snapshot is illustrative — live data loading.