The bankrupt cryptocurrency exchange has staked close to $170 million in several crypto assets, including Solana, Ethereum, and MATIC.
Blockchain data revealed that the defunct platform has staked over 5.5 million SOL and more than 24K ETH.
FTX Move to Staking
Staking is primarily the practice of locking up cryptocurrencies on a blockchain network to support it and earning token rewards, mainly at a predetermined rate.
#CryptoNews: Over 5.5 million #Solana (SOL) were sent by an #FTX-identified wallet to #Figment, a staking validator service catering to institutional investors. https://t.co/gSXPVBeGwz
— CoinMarketCap (@CoinMarketCap) October 16, 2023
According to blockchain data, FTX has staked approximately 5.5 million SOL, valued at around $122 million, into the Figmen network. This strategic move is anticipated to yield significant returns, with an estimated annual yield of 6.79%, potentially resulting in compounded tokens worth $8 million over time.
In terms of the 24K ETH tokens
We współpracy z: https://cryptopotato.com/ftx-stakes-about-170-million-in-sol-eth-and-matic-amidst-sbfs-trial/
