Last night the APR in the COTI Treasury was up at 64% and below has already dropped back to 49% because the liquidated tokens being handed out are drying up. The max APR is around 45% so this will be back to normal over night. The max APR is slightly misleading as this is the APR in the high risk Level 4 pool and if you had staked there yesterday you would have no coins now due to being liquidated. Many of us would be thanking you for the free coins who are in the Level 1 pool with no risk. Liquidated coins come to those in Level one and are shared out depending on your stake size as a percentage.
My base APR is currently 6.12% and normally at 5-5.5% plus the GCOTI boost of between 7 and 9% because I do not have the number of GCOTI staked 1 on 1 with COTI which would offer an additional 22.5% normally and is currently at 24.5%. So my max APR in Level 1 would be normally at 28% or currently at 30.62%. There is an additional APR for staked GCOTI which is minimal and does not affect your direct COTI daily rewards and is only for the weekly GCOTI rewards which does once paid out increase the COTI rewards, but this is minimal.
Yesterday we saw another dipity dip in the crypto markets and funny enough @bozz asked me in discord if the APR had changed in the COTI Treasury. His asking was too soon as it takes time for liquidations to occur in Levels 2, 3 and 4. Level 1 is the staking safe place that the other levels generously donate their coins too when they are liquidated. This is why the APR can move up quite sharply when liquidations occur.
The last down turn in the market over the last week saw the APR move, but the gains were negligible due to very few investors being caught out that time. Yesterdays down turn was a little more rewarding with roughly an extra 6% boost to the APR which increased my daily earnings from 92 COTI to 132 COTI and this evening has already dropped back to around 100 Daily COTI rewards. A small kick in the pants, but nothing major which tells me very few are staking in those Level 2, 3 and 4 pools. This is a shame really as receiving free coins is always welcome and I think even the those high risk investors have had enough punishment now.
I knew immediately that those liquidated were very few as the TVL in the COTI Treasury did not drop by millions and at best must have been a few hundred thousand coins to distribute to those in Level 1. This was not like the time we had many months ago when the APR was in the 30% range and we had the magical bonus boost for nearly 12 days. It still surprises me that anyone is being caught out today thinking the bottom is in. No one knows how low we are going so keeping your crypto safe not playing stupid games is my advice for now. Why risk what you have earned because one day your token that you may not see much value in today could be over a $1 or maybe $10 as no one knows. Ask the Bitcoin pizza man because he never knew.
Crazy times in the crypto markets and anyone dealing in leverage deserves to get their fingers burned. I have been staking with COTI for around4 years now and during that time this is the lowest price I have ever seen. This does not question if I have chosen the correct crypto to invest in as every crypto is down. Just take a look around and your project is not unique shinier than the others in this market. The tech backing your investment is what will one day make it shinier than the rest and for now why building your stack is your only job so do not cock this up.
Just because the price is down does not change the tech and fundamentals of why the investment was selected in the first place. Never forget this as nothing has changed and why price should have no bearing until it is time to sell and right now is not that time.
Posted Using INLEO
