How can I earn staking rewards on my crypto balances on FTX App (US)?
You can now earn staking rewards on your crypto balances through your app! By participating in staking your supported FTX US balances through the app, you’ll be eligible to earn rewards of up to 8% APY* . This program is currently in beta and funded as an account bonus until FTX US rolls out staking functionality as discussed below. While in beta you will earn a bonus on the applicable assets. You will be required to enter into an updated Terms and Conditions at the end of the beta period incorporating the terms of the staking program.
See the Legal Disclaimers at the end of this article for more information about the terms and conditions and how staking rewards work on FTX App (US).
*The term “staking” is not interest and the amount is not guaranteed. Actual amount received will depend on the rewards generated through the staking program.
How do I stake my crypto?
- On the Invest Tab, once you are enabled for trading on FTX US, tap Stake.
- Tap the button that says Stake your Crypto.
- Tap Start Staking.
- FTX US will transmit crypto to the applicable DeFi pool when available, and you will now be receiving up to 8% staking rewards on your crypto!
How do I un-stake my crypto?
- Tap the gear icon at the top right of your screen.
- Tap Settings.
- Tap Profile.
- Tap Staking assets.
- Tap the button that says Disable
- You have now requested FTX US to un-stake your assets, and the amount of crypto you staked and any rewards earned from staking (or the cash bonus amount during the beta period) will be credited to your FTX US account (denominated in the crypto you staked).
How are rewards determined?
Rewards received from staking varies from time to time based on prevailing market and industry conditions. Based on historical and current market conditions, it is anticipated that the first $10,000 USD staked will earn approximately 8% rewards. Amounts staked above $10,000 USD are expected to earn approximately 5% rewards. THESE AMOUNTS ARE JUST PROJECTIONS AND THE ACTUAL REWARDS RECEIVED MAY DIFFER.
What assets in my FTX US account can I stake to earn rewards?
Assets available for staking will be shown in your FTX US account. You don’t even have to purchase your crypto on FTX US to stake - just transfer crypto from other wallets or exchanges to start staking!
Are my staked assets locked? Can I withdraw my staked assets anytime?
You are free to instruct FTX US to un-stake your crypto at any time. By instructing FTX US to unstake your crypto, you are directing FTX US to retrieve the staked crypto and credit it, along with any earned rewards, to your account, at which point you are free to fully withdraw it assuming all other terms and conditions and withdrawal requirements are met.
Is this available in my country?
FTX US is available to FTX US customers that are in one of the FTX US permitted jurisdictions.
What if I have questions?
If you have questions or comments, please write to firstname.lastname@example.org.
Legal Disclaimers and Terms of Service
ANY REWARDS FROM STAKING YOUR CRYPTO ARE NOT GUARANTEED. BY CHOOSING TO STAKE YOUR CRYPTO, YOU AGREE THAT THE STAKING PROGRAM DOES NOT PAY INTEREST AND IS NOT INSURED OR GUARANTEED. THE REWARDS ARE DEPENDENT UPON RECEIPT OF THE AWARDS FROM THE APPLICABLE DEFI POOL. ANY REFERENCES TO STAKING, REWARDS OR SIMILAR TERMS ARE ESTIMATES BASED UPON ANTICIPATED STAKING REWARDS.
Please view the FTX US terms of service for more information.