due to ppn soon thats why they could have added the 1600% option? thus if that is being voted, the apy for non gCoti boosted deposits could remain the same. just speculating
It is possible… but Coti should have said it… this way nobody knows what will happen. And just saying… Coti can even expect a lot of fees but if i remember correctly we were expecting a lot of fees even from Djed That’s why this vote should take place after the PPN and not now
I think coti team should not share more than what can share especially on matter that involved collection of fee and price of token which equates to money.. this may not sit well with the SEC if Coti will be heading to USA shore in the near future
We should vote on when we should vote
I can understand it! So basically we should have a vote about one of the most important mechanisms of gCoti without knowing the consequences? So if the community choose to “destroy” the treasury making stupid choices Coti will let us doing it? I think when there is a proper the community should know what will be the implications of a choice. 1600% will benefit the treasury? 400%? Then why not 2000%?
You’re right! U know what.. im gonna vote for 1600% then whatever happens. But then dont cry(people in general) if people will start selling or not locking Coti in the treasury.
as jay has said.. even 1.6k does not destroy the existing leverage and staking schemes.. so there is no destruction yet.. am sure coti team has given a thought before pushing out such proposal
You can vote whichever variant is most suit you :) That’s why voting was created 🫡
My point is trying to be fair to everyone using the treasury, with a decent apy between those having gCoti and those that dont. How can you have a clear idea if you dont know what are the consequences of the vote? If as Jay said nothing will change then lets vote for 1600% im up for it!
I know! I was sarcastic there lol
In business world.. win win is the most preferred scenario since there is no fair in the first place.. You can certainly vote 1.6k if that benefits you.. and if many think the same way then so be it.. The treasury will still continue to run after the voting
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