The other day I remarked at how the COTI Treasury numbers/tvl have dropped considerably since March this year. I raise this point because I noticed another 50 million COTI was withdrawn from the treasury this week and in total early 80 million COTI has left the Treasury since March.
515 million COTI staked back in March.
This does not concern me at all and actually quite happy those people have left as it not only provided a boost to the APR when they removed their stake but overall the rewards will be slightly higher. This means the rewards will be 20% more for those that remain with 20% stake having left.
What is a little crazy is we know the longer you remain staked the more you ultimately earn as it is like a drip affect by receiving the rewards in COTI ad GCOTI weekly. Over a period of time this becomes rather significant and again patience is required to see the full effect.
Everyone has their own plans when it comes to crypto ad why keeping it simple
playing the long game will always win out at the end. Not everyone has the patience required or the resources and possibly those that removed their stake needed the funds in real life. Their loss is our gain which is part of the journey of perseverance. You do have to question their thinking however with all the information we have on COTI it could be the most costly mistake they ever made.
Those who have staked their COTI are busy waiting in a holding period knowing there is an airdrop that will take place later this year which is expected to start filtering through in Q4. I have been doing some sums and expect to receive anywhere between 15 and 20% vs stake. Unless things change this is a big incentive to stay staked until the end of the year. The only part that could scuttle these plans if we see the Bull market hit this year instead of next year so fingers crossed it is next year when the ATH's hit. My brain says it is more than 12 months away, but what do I know and it is the market that speaks.
The plan is a simple one and that is to have as many COTI I can get my hands on from now until the end of the year which will then allow the stake to benefit from the airdrop and pre swap when the COTI V2 token comes available. My stake is currently sitting on over 130K and need to be on 140K by the end of June to stay on track of reaching as close to 200K by the time Christmas is upon us. The airdrop would make it the most valuable Christmas present I could have hoped for if I can get this target achieved.
Patience is the key to unlocking whatever potential there is available along with the research that never ends. Knowing your investment inside and out is possibly what the others who withdrew their stake had no clue about and were lacking this critical knowledge. Staying informed especially in this part of the cycle has taken on another level of importance and we need to make this time count.