3 ms·
https://www.vanguardngr.com/2022/11/ftx-offers-up-to-8-apy-on-users-assets/ https://www.vanguardngr.com/2022/11/ftx-offers-up-to-8-apy-o... """ You can now ear
by hnfong 4y ago
https://www.vanguardngr.com/2022/11/ftx-offers-up-to-8-apy-on-users-assets/ https://www.vanguardngr.com/2022/11/ftx-offers-up-to-8-apy-o...
""" 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 assets. """
How does one provide 8% yield on BTC I have no idea.
To me, FTX is a classic Ponzi scheme according to the most uncontroversial definitions of "Ponzi scheme".