The Assignment Is Easy
The COTI stake I have in the Treasury is heading steadily towards 270K with my sights now firmly set on 300K. The price may be not where we had hoped for our crypto investments and we must just forget about the values for now.
300K COTI back in November 2021 would be worth $200K and is looking so far off now it is kind of crazy. The price will bounce back so for now the key part is staying consistent and growing your bags. The assignment is easy as there is no tricks and we have to see this as the perfect opportunity to add more value.
When the market is not offering much we have to keep things simple and the daily rewards being earned by the stake is what is going to unlock future value. The problem is the APR has been steadily dropping and maintaining consistent growth is easier said than done.
Last month the daily rewards were on 92 COTI daily and as you can see they have dropped ever so slightly. These daily rewards should not drop off that much more and do believe we are close to the lowest point. The total COTI TVL staked in the Treasury has increased which directly affects the APR being offered and has only increased by around 4 million and still remains under 400 million.
Hitting the 300K COTI stake number within the next 4 months which I see as being a realistic time frame will be important to holding the daily rewards at the 92 number. This is a type of game where you maintain your earnings otherwise if you were not growing your stake you would be dropping every week and would possibly be targeting somewhere between 70 and 80 COTI daily. The achieving and unlocking 100 rewards daily will not be easy and the actions today are more about holding your ground.
The aim is to still increase the GCOTI stake which when staked with the numbers I have would be worth 200 COTI daily and is the long term goal. Easier said than done and will be a project for the next 3 or 4 months to achieve. This would cost slightly more than $500 and at the same time need to learn how to use the COTI bridge. I can see this happening slowly to start with and once I know how this all works will then speed things up.
Earning the extra 110 COTI daily is a carrot I cannot ignore as this is more than double the current rewards and would guarantee growth of over 6K COTI monthly just from daily rewards. The scary part is when all the prices bounce back you then realise how much this is all worth and why this is the time to add as much value as possible.
Negativity in crypto during these times is part and parcel of the experiences and one has to see past all the negativity and look for where you can change the narratives. Where can you unlock more value whilst others cannot see clearly due to their negative approach. The values are here and one needs to suck it up and find the route to growth.
Posted Using INLEO
When negativity peaks in crypto or any other asset it is usually time to buy. Everyone hated silver at $15 now they love it at $85 and love fest was insane earlier this year when it was at almost $120...
Yes when negativity is dominant then it is time to grow the bags.
I think uniswap allows you to swap between COTI and GCOTI, so you might be able to pull some funds out and move them over to top yourself out. If you just use your gains you shouldn't see much impact. I don't know what the slippage looks like though.
Not too concerned about the slippage if I am honest as getting more GCOTI would be the long term benefit outweighing any small losses. I will take a look and see how to do this. Thanks for your advice it is really appreciated.
You'd have to bride the tokens back out to ETH I think, or just get them on the ETH side of things to begin with.
Good luck with the next 30K!
I like how you turned a simple assignment into something meaningful. Sometimes the easiest tasks reveal the most about how we think and adapt. Thanks for sharing your perspective!