it will be $3,123.11 profit?
Check out this guide from Unity Node, that 1600% is not “per user”. https://faq.coticommunity.com/gcoti/utility/gcoti-apy-boost/gcoti-apy-boost
You can use the APY boost calculator for that: https://faq.coticommunity.com/gcoti/utility/gcoti-apy-boost/apy-boost-calculator
To reach a 1:1 gCOTI ratio you would use about 2/3 of the money for COTI and 1/3 for gCOTI. That‘s about 9500 COTI and 9500 gCOTI. You would look them for 120d twice, that‘s 240d or 8 months (easier to calculate) - base APY is 1.8% and the APY for your deposit 3.6%. The APY boost is 29%, so in total that‘s 32.6% APY. So after 8 months you will have your 9500 COTI, 9500 gCOTI and plus 2064 COTI in rewards.
If you only buy COTI, that‘s about 14800 COTI that you deposit for 8 months at an APY of 3.6% and this would generate 355 COTI in rewards.
Thanks for the info.. so will be good to get gcoti too
And the long run yes as the profit will be higher than by just buying COTI in depositing. If it‘s only a short term investment (1 year or less) and you expect higher COTI prices, only buying COTI is better. (No financial advice)
The 1600% boost is for the base APY. It doesn’t mean that the actual APY is 1600%.
It's 1600% APY boost. Pic above was taken yesterday. Current base APY is around 1.8%. 1:1 gCOTI:coti will give you 16x boost on base APY, which is 1.8*16 = 28.98% boost in addition to deposit APY. So total of 7.24+28.38=36.22% apy
There arent project support that
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