The APR has dropped by 32% in the last week and is back to pre COTI V2 launch levels. Not fantastic news as I a now earning 35 COTI less these days. One cannot complain as earning crypto daily is what we do and I am grateful to be in this position.
I have been waiting patiently for the COTI Treasury to migrate to MetaMask and nothing as yet. This morning I saw a comment that the COTI Treasury will migrate within the next 2 weeks so nothing has changed and it is business as usual for now. I had thought maybe I had done something wrong somewhere and was now needing to contact someone for assistance.
The Treasury is functioning as usual—users can make deposits and withdrawals in the same way they have always done in Treasury V1.
The Treasury is scheduled to be migrated to V2 in a few weeks, and we will continue to keep the community updated on its status, as we have done so far.
COTI Discord.
The delay in the migration has seen the APR drop considerably and where was once earning 90 COTI daily I am back to around 55 COTI daily. I am still uncertain whether to invest $1700 ad purchase GCOTI to max out my rewards which would bring my daily earnings to around 55 COTI to 138 COTI. This is worth an extra 2.5K COTI monthly and if we have 6 or 7 months to the peak of this cycle then it may actually be a very good investment. On the other hand that same investment would give me 30K COTI and not only would I hit my target of 200K COTI staked I would still earn an extra 5 COTI daily. Financially this would be the smart play for now and why I am glad I have held back as I am definitely selling this cycle taking profits.
This is why I guess you need to take the time and make the right decisions and not a knee jerk reaction. This way I will end up with far more COTI and be in a stronger position financially for next cycle by having more funds to buy back. A quick calculation tells me roughly a 16K COTI difference which at a low ball guesstimate of $2 each would be $32K.
I will have to wait out the next 2 weeks as COTI withdrawal's are suspended on HTX currently where I already have some COTI waiting to transfer. I will be happy to finally put this investment to bed having reached the target in 42 months. All that will be left to do is the farming of the rewards and I can finally move onto completing VET and VTHO which has been on hold for over 3 years.
My investment policy of having decent sized stakes over loads of smaller ones will hopefully pay off handsomely this cycle. This would leave me with 4 decent sized stakes with each one capable of making a big difference financially.