Exchange-Democratized Prime-Lend To Live Rate Pools YLDS-Mobile

This content is for informational purposes only and does not constitute financial advice.

This article will demonstrate how to get started with Demo Prime

1. Download the Figure Markets App from the App Store on your mobile device
2. Create an account by entering in your personal information Create An Account
3. You will now need to deposit cash into your account to purchase YLDS.  You will need to connect your bank account via Plaid.  How To Link Your Account Through Plaid
4. Once your account has been established and funded, your first step is to buy YLDS.  How To Buy YLDS
5. Navigate to "Earn" at the bottom right of your dashboard 
6. Click on Democratized Prime
7. The Lending Asset will be YLDS in the drop-down
8. Here you will have several pools to select from.
9. In this example, I will select Home Equity
10. Enter the amount of YLDS that you want in the pool
11. Review
12. Click to Lend Now
13. You should receive a message that "Lend is Successful"

 

 

 

 

 

 

Democratized Prime is a decentralized protocol integration (see https://www.figuremarkets.com/disclosures/figure_decentralized_integration_terms_and_conditions/) made available through Figure Markets and involves substantial market, liquidity, collateral, blockchain, smart contract, and operational risks, including the potential loss of principal or collateral. More information available, including the Terms of Service of the Decentralized Protocol Integration, at figuremarkets.com/disclosures 

Investment products: Not FDIC Insured, No Bank Guarantee, May Lose Value.

YLDS are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC), who is the issuer of the certificates. As a subsidiary of Figure Markets Holdings, Inc., FCC is (absent exclusion or exemption) required to comply with certain limits on its activity, including investment and/or trading limitations on its portfolio and other limitations under applicable banking and securities laws. FCC is not a bank, and the securities it offers are not deposits or obligations of, or backed or guaranteed or endorsed by, any bank or financial institution, nor are they insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board or any other agency. The Certificates are not an insurance company product, an equity investment, or an investment in a money market mutual fund. FCC’s qualified assets on deposit may exceed the deposit amounts required by applicable regulations. If there are losses on FCC’s assets, FCC may not have sufficient resources to meet its obligations, including making interest and/or principal payments on your certificates. Most of FCC’s assets are debt securities and are subject to risks including credit risk, interest rate risk and prepayment and extension risk. You could lose money by investing in the YLDS. Although the certificates seek to preserve the value of your investment at $0.01 per share, it cannot guarantee it will do so. You should consider the investment objectives, risks, charges and expenses of certificates carefully before investing. Download a free prospectus, which contains this and other important information about our certificates. Read the prospectus carefully before you invest. Figure Certificate Company Prospectus available HERE.

Interest rate applicable to all Certificates is the overnight Secured Overnight Financing Rate (“SOFR”) less 35 basis points, with a minimum rate of 0.00%. SOFR stands for the Secured Overnight Financing Rate (SOFR), which is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. For more information, please visit the Federal Reserve Bank of New York’s Website by clicking HERE.

FCC will collect certain information about you that helps us comply with various securities regulations and rules and the USA PATRIOT Act, a Federal law that requires all investment companies to obtain, verify, and record information that identifies each applicant. Please note: if we cannot verify the information you provide, we will be required to restrict or deny your account

Reserves for YLDS are managed by Figure Investment Advisors, LLC, a registered investment advisor located at 650 California, Suite 200, San Francisco, CA, 94108. For more information about Figure Investment Advisors, LLC, or to obtain a free copy of our disclosure brochure, please contact us at 628-236-5823 or you may download a copy at Figure Markets Website.