How can I earn yield on my FTX deposits?
You can now earn yield on your crypto purchases and deposits, as well as your fiat balances, in your FTX app! By opting in and participating in staking your supported assets in your FTX account, you’ll be eligible to earn up to 8% APY on your staked assets. THIS APY IS ESTIMATED AND NOT GUARANTEED AS DESCRIBED BELOW.
See the Legal Disclaimers at the end of this article for more information about the terms and conditions and how staking and yield generation work on FTX.
How do I opt-in?
- On the Invest Tab, once you are enabled for trading on FTX App, tap Deposit.
- Tap the button that says Earn Up to 8% on your Funds.
- Tap Start Earning.
- You will now be earning up to 8% APY on your deposits, both current and future!
How do you calculate APY? Does my balance compound daily?
FTX will deposit yield earnings from the staked coins, calculated hourly, on the investment portfolio that is stored in your FTX App. Yield will be compounded on principal and yield you have already earned. Any cryptocurrency that you have deposited on FTX as well as any fiat balance you may have on your account, will earn yield immediately after you have opted into the program.
The first $10,000 USD value in your deposit wallets will earn 8% APY. Amounts held above $10,000 USD value (subject to market fluctuations) will earn 5% APY. In this scenario, your yield earned on the coins will look something like the examples below the table.
All crypto and fiat
Up to $10,000
All crypto and fiat
All funds after $10,000
A. I have $10,000 USD in my account. I will earn 8% APY on my deposit of USD.
B. I have $5,000 USD value each of Bitcoin and Dogecoin in my account, plus $10,000 worth of USD. I will earn 8% APY on the first $10,000 worth of assets deposited regardless of asset, and 5% APY on the next $10,000, for an average APY of 6.5% on my total deposit.
All assets kept in your wallets will earn the same crypto or fiat that is held in the wallet, and will earn at the same rate. In Example B, you will earn 6.5% on both the DOGE and the BTC. There is no way to designate one coin to earn 8% and the rest at 5% - they will all earn at the same average rate based on how many coins you are holding.
What assets can I keep in my FTX App account to earn yield?
Any cryptocurrency or fiat that FTX App supports can earn! You don’t even have to purchase your crypto on FTX App to earn - just deposit from other wallets or exchanges or from your bank to start earning right away!
Is my principal locked? Can I withdraw my principal anytime?
You are free to withdraw your principal and yield payments at any time, provided that your deposit is fully withdrawable otherwise (see below).
Any assets purchased with early credit are eligible to be staked and earn yield and will accrue that yield from time of deposit. Your yield will be withdrawable when the full deposit is eligible to be withdrawn.
Is this available in my country?
FTX App Earn is available to FTX App customers that are in one of the FTX permitted jurisdictions.
I changed my mind! How do I opt-out?
- Tap the gear icon at the top right of your screen.
- Tap Settings.
- Tap Profile.
- Tap Earn yield on assets.
- Tap the button that says Disable.
- You have now opted out of earning yield, but can change your mind later!
What if I have questions?
If you have questions or comments, please contact FTX app support using the app.
Legal Disclaimers and Terms of Service
Services are provided by FTX for its customers.
APY refers to projected yield by staking. This yield is not interest and is not guaranteed, and changes based upon terms of applicable staking programs. FTX transmits value from your account to staking program and ensures that the value is properly transmitted to and from the program. Your customer balance is not a bank account, and is not insured.
Only customers of FTX may be eligible to participate in the yield program. If a customer is eligible and opts into the program, then their assets will be used to generate a fixed yield for the user.
While FTX does not anticipate any problems, it does not guarantee the future or present yield payments in the case of malfunction, although it would not intend to claw back previously received yield. FTX does back the principal generating the yield with its own funds and equity. Nevertheless, users should exercise appropriate caution when deciding whether to enable yield for their accounts.
Please view the FTX terms of service for more information.