above, why is there a grace period if i top up or doing a new deposit? Should also be banned.
Per example.
I do a x8 deposit and a half hour later, price drops and i am not able to survive. No matter what.
X8 and maybe x4 makes no sense to exist at the bottom. Kills everybody. Then you also could errase it. Because its a trap.
Correct me if I'm wrong but I think just applies to new deposits So even an x1 (obv can't be liquidated tho)
If you withdraw your multiplyer because of liquidation risk and the price is falling you would kill yourself to open a new deposit leverage with your secured cotis
X4 and X8 is where about 30% of fees come from I'm guessing. It would be great to get some official numbers around this as the treasury has been going for a while. Maybe that would be a good governance vote in the future. Find out more about the numbers behind the treasury. Grafana dashboard or something similar.
Interesting treasury stats. Obviously, the total LeveragedCOti isn't sustainable. So the team is making the right move.
Sure as we hear a lot people which lost a lot of their cotis leveraged. I also do leverage since the begin of treasury. But the rules are changing in every lock period. And not in the good way. Im a long term believer but the decisions are never made with common sense. Everytime the community have to change their mind. Thats crazy to be honest.
This isn't correct about leveraged coti, as total coti locked in gcoti campaign is 359M out of 552M total in treasury, even if all 200M is locked in X8, it would be 1.6B coti, yours is showing 1.*B , so its not true
Okay I worked it out. The gCoti is paid at the equivalent of a x4 0day. (360 day lock) In fact all gCOTI lock APY's pay more than the current X1 even with locks Therefore the gCOTI Airdrop rewards are counted as multipliers. (think of it as a risk free X4 leverage - which is a damn good deal) The shortest gCoti Airdrop lock was 180 days and my guess is that before the 180 days period is up people will have the ability to lock again in the treasury for long periods 180 days or a year etc. I think once this change is made the vast majority of the leveraged people will move to long term locks which benefits the project stability.
But treasury is a great app with leverages and lockup, which team spent lot of time developing, and this just kills all leverages, which makes me feel sad as coti supporter
I 100% agree, The fun part of the treasury is now gone in my view. I'm sure treasury V2 will bring something new, but until then X1 and be safe as it's not worth losing your coins. My fear is that with the rewards goings away some (I'm thinking through what I will do) will move to other projects that give better rewards. Lets be clear everyone with a leverage who wants to no longer take crazy risk only has x1 which pays 1.8% X1 0 day ℹ️ 1.9% X1 30 day ℹ️ 2.2% X1 60 day ℹ️ 2.8% X1 90 day ℹ️ 3.5% X1 120 day Yeah my bank has better APY than that. Giving everyone 5 or 10 mins grace would have been best in my view as logging in can take that long. There has to be a thin line between needing fees/liquidation from risk takers and changing the system enough to scare them away. The treasury white paper states that the main fees mechanism of the treasury would be liquidations and deposits/withdrawals. This bear market has been brutal and what is needed is new deposits across a wide price spectrum for the treasury to work effectively. We either need bull market effect or something new to enable deposits across a wider spread.
It isn’t sustainable and everybody realised it from day 1, only the team didn’t realised it. Whats next? Are you going to liquidate everyone to make treasury attractive? In 2023, who is locking coins for a long period of time for a 3% rewards?
Damn, its raining here... Do you have something to do with it kiddo?
People do stake ada and other big projects for even lower apy on Bitvavo.. pls dont cry, and just accept it in place of telling lies
You had more then a year the time to stop doing the leveraged staking they did 24 hours first and then 1 hour, if you look ap the gap, an adult person would expect the next downgrade would be 0. But you are just spreading fud and lies. And compare coti to other cryptos m, when even coti has a higher apy. If i were a admin you would at least be muted for 2 weeks
People in 2023 dont stake for 3% apy?
You are talking absolutely crap, I’ve always been against “grace period”.
And still you cry about it, getting it removed
No, because there are plenty things that gives you more. Simple as that
I cry because they make mistake and we play the price of it.
I dont pay the price of it. You are cus you dont read the articles?
Ada staking is for less but isn’t locked for example
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