I'm a director of compliance with 24 years of mortgage experience working at a competitor. I first researched Figure in April of 2025. I'm currently earning between 8% and 8.5% APR by lending Figure money on the democratized prime lending market.Once you open an account and move your cash over, it's very easy to buy the stablecoin YLDS with zero fees and then make them available to be borrowed by Figure at higher interest rates. I feel confident enough to have a significant portion of my savings invested/lent to Figure markets. You are basically lending them money to fund their home equity line of credit business, which is typically done by a warehouse bank. All that means is that Figure lending typically has access to a giant revolving line of credit with institutions, (like a big credit card) and this is just one of those sources of funding for them. You’re not investing in the long duration of these HELOC for example it’s only funding the loans until they’re sold, which is perhaps around 30 days. That said you actually have the opportunity to get your money back and not lend it to them every hour via their reverse Dutch repo auction.You get real assets on the blockchain against your loan. There is a third-party bank that holds these assets in trust. I highly recommend you research this with any of the large language models to learn more. If I could, I would share my research with you here!

During a rapid decline in Bitcoin and Ethereum prices, I urgently needed to manage multiple loans to avoid liquidation. I called support roughly four times a day for nearly a week, asking about different ways to pay down or pay off my loans. The options I requested weren’t available, and I had to wait for an app fix before I could pay using USDC.I chose USDC specifically because I needed to pay off loans quickly, release the collateral, and use it to cover other loans before liquidation — these were not small positions. I’ve invested over half a million dollars in their products.I was told that paying off a loan via USDC would release collateral instantly, similar to how a standard payment works. That was not the case. It took nearly four days. In a rapidly falling market, four days is critical. I needed that collateral to pay off another loan, and the delay put everything at risk.A crypto lending company that can’t facilitate fast liquidity management puts its customers in serious jeopardy. This was easily the most stressful financial situation I’ve experienced in decades. If I hadn’t called repeatedly and escalated to a manager, I likely would have been liquidated and lost hundreds of thousands of dollars.One star for the reasons above.

Account got locked and won’t be unlocked. Been over 45 days. Reached out various different emails, only received automated responses. Called, no response. Doesn’t feel like they want me to trade on here, definitely would not trade with large amounts of money. App was updated today and now the error states they are having trouble with their bank on their end. Doesn’t make sense, if only they hired somebody for customer service.

Very easy to use and navigate, just wish there were more options for crypto, also maybe adding staking crypto like profiting off certain crypto like polkadot or bitcoin percentage for a month up to 3.

Best trade spreads and fees. I’m closing my expensive Kraken and Coinbase which cost me 13% and 9% on buy/sell spreads every time I trade. Figure keeps speak tight and fee low. Hands down the best platform!

Friend told me about this hidden gem, and moved some of my savings over here, easy to use and gives you access to the same yields big banks have — tripled my APY and loving it