What is Democratized Prime?
Democratized Prime is Figure Market’s proprietary Dutch auction marketplace where individuals and institutions can borrow and earn from other individuals and institutions.
By lending into the pools, you can participate in exciting capital markets and earn up to 9% while you do it!
When you lend and your offer is matched, interest is paid out hourly as long as the offer remains valid.
There are multiple pools to choose from. Here is what is currently available:
Lend Cash
YLDS HELOC
If you choose this pool, you are lending YLDS against Home Equity Lines of Credit originated by Figure and its partners. To lend, you can deposit USD into your Figure Markets account, buy YLDS stablecoin, and lend into the HELOC pool.
Figure uses strict credit criteria to underwrite its loans. You can see the Credit Profile of these loans here. The borrower is required to replace any non-performing collateral. The YLDS HELOC pool has a current yield of 9% as of February 2026.
YLDS CBL
If you choose this pool, you are lending YLDS against Figure Crypto Backed Loans. These are crypto-collateralized loans, with an LTV of under 85%. Some loans even carry liquidation protection to ensure that the loans remain active (and interest-bearing!) even if the crypto market drops. The YLDS HELOC pool has a current yield of 7.5% as of February 2026.
USD/USDC/USDT Margin
In this pool, you are lending into a margin pool where approved investors get access to additional leverage and Figure clients can borrow assets for use outside of the exchange. Figure manages the risk of accounts who trade on margin and requires strict LTV requirements. You’re lending against the risk of the quality of the asset and not on the credit worthiness of any one borrower. The Margin pools have rates from 7.9% to 9% as of February 2026
Lend Crypto
Figure lets you lend your crypto directly to ECP investors who are interested in short selling crypto. Figure has strict requirements for the LTV of these accounts and will liquidate if these LTV thresholds are breached, providing you with peace of mind. You can lend ETH, SOL, or BTC and the yields range from 1% - 2.9% as of February 2026.
