Sill waiting patiently for the new COTI V2 Treasury to go live when my deposit will appear. The swap out and conversion from COTI V1 to COTI V2 will happen during this process taking the native COTI Token to a new Ethereum L2 COTI V2 token.
The good thing is one can still farm their rewards on the old site and the APR has increased slightly over the last few days so now I am earning in the region of 67 COTI V2 tokens daily and 310 GCOTI tokens weekly which boosts my daily rewards by nearly 0.5 COTI after claiming each week. Being able to add and earn an extra 0.5 COTI daily is a big boost to growth. Just think every week that you claim the GCOTI your stake is generating an extra 182 COTI per year. Tis is a huge win and why you have to look at the over all growth.
I expect the APY to drop slightly once everyone is live in the new COTI Treasury, but this is all good news for those who are staking. The rewards will no doubt increase due to the use cases and partnerships with a few DEX's already live using the COTI V2 technology like Bancor and Privex. These rewards will filter back into the COTI Treasury and boost the overall APR being offered.
Patience is now required letting the developers roll out their creations across various blockchains and then we will see how the entire eco system has grown and more importantly how this impacts the APR in the treasury. The bigger the adoption of this new COTI V2 privacy technology the more each stake holder will earn.
Back in the beginning when the COTI Treasury first launched we were receiving upwards of 25-35% as an APR and the dropped down to around 6%. The GCOTI (Governance token) helps boost the APR and my various stakes are now generating between 12.5% and 17.5%. Realistically I think earning anywhere between 10 and 15% is extremely good so this right now is above where we will probably be later on. Earning the extras and growing the stake will hep boost the rewards for the future and why growing now is as important as day one.
My COTI investment I see becoming a passive income as right now with the low market prices I am still ermining over $150 monthly. With my goal of achieving a 200K COTI stake that would be closer to $200 monthly. With an expected rise in price I can see this passive income averaging out somewhere in the $2K region which is very acceptable. W shall see how this plays out long term as the plan is to sell and buy back during the peak of this cycle which should boost the numbers much more resulting in a much bigger opportunity to turn a passive income stream into an income stream.
Over the last few days I have helped out those around me in the real world who are also staked in COTI. The one person who I set up in November farmed his first tokens this week staking an extra 400 tokens and moving his APR from 8.5 - 9.35%. To say he was blown away and happy was an understatement as this is literally his first win in crypto as everything else before this has been at a loss. He cannot wait for next week to farm on his won and seeing his excitement others in his office had FOMO.
Posted Using INLEO
Stacking rewards like this really adds up over time. The extra 0.5 COTI daily from GCOTI claims makes a big difference in long term growth. I see a good strategy for maximizing returns you're doing
Yes it sure does very quickly.
GOATED 🔥