The chapter crew behind FTX has staked one other $47 million of ETH and MATIC from property after it staked $120 million of SOL.
Onchain analyst, Wu Blockchain reported that 13 million MATIC has been not too long ago staked by FTX property which can obtain an annual yield of 4.6%. The crew has additionally staked 24,000 ETH, price roughly $37.4 million.
On October 14, the FTX addresses now managed by the chapter crew, transferred $120 million of SOL to Figment, an institutional staking supplier firm. Etherscan data exhibits that it additionally staked 3,200 ETH, price roughly $5 million on the identical day.
The FTX chapter crew has been attempting to make the most of funds that had been seized from the FTX and Alameda Analysis to be able to pay again its collectors.
Staking PoS (Proof-of-Stake) crypto property, reminiscent of Ether (ETH), Polygon (MATIC) and Solana (SOL), is one of the safests method to generate income with out requiring a lot.
Additionally learn: FTX Customers May See 90% Shortfall Claim Payout