Lending · Review
ActiveFigure Dao Review 2026: Crypto Loans and Prime
Figure Markets offers crypto-backed borrowing, trading, and lending products, including a Prime marketplace for real-world-asset-backed yield. The site does not explain how the Figure Dao name relates to the platform, and users should check each product’s terms before committing funds.
By the DappsAtlas editorial team · Updated
DappsAtlas score
5.5/10
Mixed
Our verdict on Figure Dao
5.5/10Figure Markets may suit users looking for crypto-backed borrowing or access to lending pools linked to real-world credit assets. Its clearest strengths are a range of products and the stated use of MPC wallets for decentralized custody. The main caveat is that the site does not explain the relationship between Figure Dao and Figure Markets, and key details such as fees, loan terms, liquidation rules, and audits are not stated. Treat tokenized yield and collateral-backed loans as investments with meaningful technical and counterparty risk.
Score breakdown
How Figure Dao scores
- Security
- 4.0/10
- Ease of use
- 5.0/10
- Fees
- n/a
- Features
- 7.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Figure Dao?
Figure Markets’ website describes a platform for crypto trading, crypto-backed loans, and Prime, a marketplace for lending against on-chain collateral. It also promotes tokenized real-world-asset pools and YLDS, which it describes as an interest-bearing public security.
The website does not explain how Figure Dao relates to Figure Markets. It describes some product features, but does not publish full fee schedules, detailed loan terms, or audit information in the site text.
How Figure Dao works
Figure Markets presents several services through one platform. Its trading area is for buying and selling crypto, while its crypto-backed loan product lets a borrower pledge digital assets to obtain cash. The site advertises fixed rates at 50% loan-to-value and describes MPC wallets as a way to keep assets in decentralized custody. It does not provide the full loan agreement, supported-asset list, or liquidation mechanics in the site text.
Prime is described as a lending marketplace connecting borrowers and lenders, with on-chain assets used as collateral. Figure Markets also promotes pools backed by cash-flowing real-world assets such as home, auto, and small-business loans. As with other lending arrangements, returns and repayment depend on the underlying assets and counterparties; tokenization does not remove those risks.
5 features
Key features
01
Crypto-backed loans
The platform offers loans secured by crypto assets and says its loans use decentralized custody through MPC wallets.
02
Prime lending marketplace
Prime is described as a marketplace where borrowers access capital from lenders using on-chain assets as collateral.
03
Crypto trading
The site lists Pro Trade and says users can buy and sell crypto assets.
04
YLDS security
YLDS is presented as a transferable, interest-bearing public security native to Provenance Blockchain.
05
Traditional loan products
The site lists home equity line of credit and DSCR loan products alongside its crypto offerings.
Pros and cons
What we like
- Combines crypto trading, borrowing, and a lending marketplace.
- Describes MPC-based decentralized custody for crypto-backed loans.
- Prime includes pools backed by real-world credit assets.
- The site identifies YLDS as an SEC-registered public security rather than presenting it as an ordinary stablecoin.
Watch out for
- The connection between the name Figure Dao and the Figure Markets website is not explained.
- Fees and detailed loan terms are not published in the site text.
- The site does not describe liquidation rules or the full range of eligible collateral.
- No smart-contract audit information is stated.
- MPC custody and tokenized real-world assets still involve technical, legal, and counterparty risks.
Figure Dao fees
Fees are not published in the site text. Check the applicable product terms and transaction screens before trading, borrowing, or supplying funds; the costs may differ by product.
Is Figure Dao safe?
Figure Markets says its crypto-backed loan product uses MPC wallets for decentralized custody, but the site text does not provide technical details about the custody setup or name a smart-contract audit. Tokenized credit pools carry risks tied to the underlying loans, counterparties, legal arrangements, and ability to redeem or transfer the assets. Crypto-backed borrowing also exposes users to collateral loss if loan conditions are breached; the liquidation rules are not stated here.
The site describes YLDS as an SEC-registered public security. That statement does not establish the regulatory status of every Figure Markets service or make other products risk-free. Review the legal and product terms before using the platform.
5 steps
How to get started with Figure Dao
- 1
Visit Figure Markets and review the product descriptions and legal terms.
- 2
Choose the relevant service, such as trading, a crypto-backed loan, or Prime.
- 3
Create an account or sign in using the platform’s stated onboarding process.
- 4
Review supported assets, eligibility requirements, rates, fees, and collateral conditions for that product.
- 5
If proceeding, follow the on-screen steps and confirm the transaction details before authorizing any wallet or account action.
Who Figure Dao is for
Figure Markets is aimed at people who want to trade crypto, borrow against digital assets, or explore lending pools backed by tokenized credit. It is less suitable for users who need fully disclosed fees and loan mechanics before considering a product, or who are uncomfortable with real-world-asset and counterparty risk.
Figure Dao FAQs
What does Figure Markets do?
Figure Markets describes loans backed by crypto assets and a Prime marketplace that connects borrowers with lenders. The site also offers trading and yield products, including YLDS.
How do Figure Markets crypto-backed loans work?
The site says its crypto-backed loans use decentralized custody through MPC wallets and advertises a fixed rate at 50% loan-to-value. It does not set out the full loan terms or liquidation process in the site text.
What is Figure Markets Prime?
Prime is presented as a marketplace for lending against on-chain assets, including tokenized real-world assets. The site describes pools backed by assets such as home equity, auto, and small-business loans.
What is YLDS?
The site describes YLDS as a transferable, interest-bearing public security registered with the SEC and native to Provenance Blockchain. It is a security product, not simply a bank deposit or a standard stablecoin.
Is Figure Dao the same as Figure Markets?
The website does not explain whether Figure Dao and Figure Markets are the same project. The name association should not be assumed from the site text alone.
Compare
Figure Dao alternatives
Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults.
Aave V3 is a non-custodial DeFi lending protocol on 21 chains where users earn interest on deposits or borrow against collateral.
Dolomite is a multi-chain DeFi money market for lending, borrowing and leveraged strategies across 1,000+ assets, with its own DOLO token.
Compound V3 is a lending protocol on Ethereum and nine other chains where users supply a base asset for yield or borrow it against collateral.
SparkLend is a stablecoin lending market on Ethereum and Gnosis with governance-set rates, backed by Sky's Liquidity Layer, for borrowers and savers.
Save, formerly Solend, is a Solana lending and borrowing protocol where users earn interest on deposits or borrow against collateral.
Same category
More Lending dApps
Euler V2 is a modular DeFi lending protocol for lenders, borrowers and market curators, with about $268M TVL across 16 chains.
Morpho is a decentralized lending protocol with isolated markets, curated vaults and fixed-rate loans for crypto lenders, borrowers and developers.
Kamino Finance is a Solana DeFi protocol offering lending, automated liquidity vaults and leverage tools for users seeking on-chain yield.
Aave V4 is a modular, non-custodial lending protocol using a hub-and-spoke design, for users who want to earn on or borrow against crypto.
Venus Core Pool is a multi-chain DeFi money market where users supply crypto to earn interest or borrow against collateral, with about $1.18B in TVL.
Kamino is a Solana DeFi protocol with a lending market, automated concentrated liquidity vaults and an intents-based swap, for yield-seeking on-chain users.
How we checked
Sources
No public sources were recorded for this review.
Last updated . Spotted an error? Tell us and we will correct it.