How does FTX staking work?

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 !31 Oca 2022

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Why does FTX burn FTT?

FTX will buy FTT on its FTT/USD market. Bought FTT will be burned on a weekly basis in accordance with a schedule adopted by FTX . The current schedule typically starts at 10pm UTC+8 each Monday, with purchased tokens burned by 11:59pm UTC+8 Tuesday.

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