COTI Expands Staking Opportunities With Launch Of Its COTI Treasury

The COTI Treasury is finally up and running, giving community members with an appetite for greater risk more options to capitalize on their ecosystem investments. Described as an “algorithmic and decentralized $COTI pool”, the COTI Treasury will grow over time as it collects fees on all COTI ecosystem transactions, and users will have the opportunity to earn some of those rewards by staking their tokens in it. While staking has previously been available with COTI it has up until now had fairly limited functionality. With the COTI Treasury, users can set their own risk tolerance and benefit from much higher APYs, so long as they’re willing to accept a higher possibility of their deposits being liquidated. “The Treasury binds everything that we do at COTI into one coherent system,” said COTI Shahaf Bar Geffen. “Our commitment is to continue to grow the ecosystem in terms of services, volume, and partnerships to enable lucrative rewards for our users”. The way it works is this: First, the user decides how much $COTI they’re willing to deposit into the Treasury (any amount) and the duration they want to lock up their coins for. Then, they select the multiplier, which has a direct impact on the APY they’ll earn. A 1X multiplier comes with the lowest risk and, consequently, lowest APY, while a 4X multiplier can offer an extremely generous APY of 80% or more, depending on other factors, though such a high potential reward comes with ...