Understanding the Treasury. So I locked for 120 days. I

Question

Understanding the Treasury. So I locked for 120 days. I

understand the penalty of early withdrawal. But can rewards be claimed at any time without penalty? And can these rewards be added to the deposit in the "Manage deposit" page?
There was an initial 500 COTI stake fee. I assume we don't pay 500 COTI every time we add rewards to the deposit?
If so, I assume we can add the rewards, let's say every week, for compound interest?

#coti #cryptocurrency #english

0

16.03.2022

11 ответов

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THOR Автор вопроса

Ok, so I can claim rewards every week and stake to my initial deposit for compound interest? As a result, my health factor should also improve for every deposit

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16.03.2022

Geordie R

Remember it's APY which is already compounding....trying to get rewards out will affect your apy, you should see a little warning when on the rewards screen i think

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16.03.2022

THOR Автор вопроса

Geordie R
Remember it's APY which is already compounding.......

I see. So the rewards are being re-staked automatically. That must mean the healthfactor should improve for each day as well? (Given price stays the same)

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16.03.2022

Geordie R

THOR
I see. So the rewards are being re-staked automati...

I mean technically speaking but I doubt you'd notice much difference

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16.03.2022

Fireflight

THOR
Ok, so I can claim rewards every week and stake to...

You can claim your rewards whenever you want, just know that you are also getting APY on your rewards if you don't claim them (same APY as X1 unlocked). Be careful with topping up a deposit if you use a multiplier, if the price is lower then your entry price, your health factor will improve. BUT if you top up your deposit when coti price is higher then your entry price, then your health factor will lower a bit. The health factor is determined on your average entry price

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16.03.2022

Fireflight

Did you use a multiplier or simply X1? If you use X1, you don't have a health factor and you can simply top up without risk. If you use a multiplier, your health factor only changes whenever you make a new deposit in an existing deposit, so best to do it when price is the same (then your health factor remains the same) or price is lower then your entry price (then health factor will improve). Your rewards will not impact health factor unless you add them to your deposit

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16.03.2022

THOR Автор вопроса

Fireflight
Did you use a multiplier or simply X1? If you use ...

I see. I used 4x. As Austin Powers, I like to live dangerously

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16.03.2022

KK

THOR
I see. I used 4x. As Austin Powers, I like to live...

Yeeeah, baby!

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16.03.2022