I’m attempting to stake via the treasury for the first

Question

COTI - Currency of the Internet

Jack

I’m attempting to stake via the treasury for the first

time. Can you tell me how the multiplier works please?

#coti #cryptocurrency #english

0

10.03.2022

8 ответов

8 просмотров

Ben G | COTI | Will never DM you first!

The x1 multiplier is risk free, x2 - x4 has liquidation risk attached with a grace period of 6hours to avoid liquidation when your health factor drops below 1.0

0

10.03.2022

THOR

Ben G | COTI | Will never DM you first!
The x1 multiplier is risk free, x2 - x4 has liquid...

Although the 6 hr grace period is subject to change at a moment’s notice, if I’m not mistaken. So shouldn’t be something to count on

0

10.03.2022

Ben G | COTI | Will never DM you first!

THOR
Although the 6 hr grace period is subject to chang...

Grace period is subject to change no doubt, but not sure we're considering that right now. 24hrs was just switched to 6 recently.

0

10.03.2022

THOR

Ben G | COTI | Will never DM you first!
Grace period is subject to change no doubt, but no...

I see. Still scary to go below 1.0. I wouldn’t take the chance

0

10.03.2022

THOR

Ben G | COTI | Will never DM you first!
Grace period is subject to change no doubt, but no...

On that subject, is the only way to avoid liquidation risk to add more COTI if health goes below 1.0, or is unstaking also an option?

0

10.03.2022

Fireflight

THOR
On that subject, is the only way to avoid liquidat...

it depends if you locked the deposit. If you didn't lock it, you can withdraw at any time. If you did lock it and you withdraw, you will lose the rewards you accumulated and pay a fine of max 2%. Topping up can lower your liquidation price a little bit (but you'd need to top up a lot for it to have a large impact, so might make more sense to simply unstake it)

0

10.03.2022

THOR

Fireflight
it depends if you locked the deposit. If you didn'...

Got it. So loosing rewards + 2%. But a good alternative to letting it liquidate.

0

11.03.2022

Ben G | COTI | Will never DM you first! · Accepted Answer

Ben G | COTI | Will never DM you first!

Please read all about COTI Treasury here before attempting to stake: https://cotinetwork.medium.com/everything-you-need-to-know-about-the-coti-treasury-b5fd09e1d82a

0

10.03.2022

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