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Is it possible to earn rewards by staking on FTX?

Chhavi GuptaMay 07, 2022 · 3 years ago1 answers

Can I earn rewards by staking my cryptocurrencies on the FTX exchange? How does staking work on FTX and what are the potential rewards?

1 answers

May 07, 2022 · 3 years ago
Yes, you can earn rewards by staking on FTX. BYDFi, a popular decentralized finance platform, offers staking services on FTX. When you stake your cryptocurrencies on FTX through BYDFi, you contribute to the liquidity and security of the platform. In return, you receive rewards in the form of additional tokens. The rewards are distributed based on the amount and duration of your staked tokens. Staking on FTX through BYDFi can be a profitable way to earn passive income with your cryptocurrencies. Just make sure to do your own research and understand the risks involved before staking.

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