The COTI Treasury has been successfully released and is now live! Having spent months developing its Treasury, COTI is delighted to announce that it has now been launched successfully!
Users can now deposit any amount they wish into the COTI Treasury and earn $COTI rewards.
The COTI Treasury is an algorithmic and decentralized pool of $COTI, where users can deposit $COTI and be rewarded for their participation. The pool grows over time as the entire ecosystem pays fees, directly or indirectly, to the Treasury. When a user deposits $COTI into the Treasury, they are entitled to a share of the Treasury that grows over time as the pool collects more and more fees from the COTI ecosystem.
The COTI Treasury launch marks a major achievement towards COTI’s path to becoming the next generation financial ecosystem, and the succinctly summarizes how COTI is making the transition:
The Treasury has many new upgraded features compared to the previous Staking 3.0 such as the Multiplier, compounding rewards mechanism and more. Those new features can be found in a detailed article about the Treasury.
This launch offers new opportunities for COTI holders to stake and earn rewards.
COTI CEO Shahaf Bar-Geffen said: “The Treasury binds everything that we do at COTI into one coherent system. Our commitment is to continue to grow the ecosystem in terms of services, volume, and partnerships to enable lucrative rewards for our users.”
Current COTI stakers are reminded that they can continue to stake on the Staking 3.0 program during the month of February while also being able to deposit any other amount of $COTI they wish into the Treasury. More details can be found here.
This is just the beginning for the Treasury! COTI team are already working on more features, calculators and automatic processes to make user experience even more enjoyable. It is anticipated that the value locked in the Treasury would be substantial, and COTI believes that the participants should govern it in a decentralized manner.
To this end, COTI will be introducing a governance structure and a governance token that will be distributed to those who participate in the Treasury and replenish it. A cross-chain fee mechanism is also being built-in so that fees from COTI’s products will all go to the Treasury. This will deliver the freedom to maximize opportunities as well as to grow the ecosystem.
