Hey All,
Is that even possible to give an APR [Annual Percentage Rate] which is like almost 300%. Yes that is true and people who have staked their COTI tokens in Treasury.COTI are really earning these massive returns and all the thanks goes to the project’s reward structure and staking incentives. Still not convinced by what all I have said so far? Then have a look at the following image depiciting my deposit balance, APR being paid and the rewards #COTI and #gCOTI [which is the goverance token of the COTi chain] to be accumulate at real time. Please note the #gCOTI rewards are paid out weekly, which is something to keep in mind.
My COTI Rewards - APR 185% At the Moment...
Lets do a little maths here to arrive at my daily earnings which I am projecting to be around $40. How is that so then here is the table that demonstrates the same.
Total staked = 155,641K+ COTI tokens
APR = 185%
Step 1 — Calculating Yearly Earnings (Based on APR)
155,641 × (185 / 100) = 287,935.85
Total yearly earnings = 287,935.85 COTI tokens
Step 2 — Daily COTI Earnings...
287,935.85 ÷ 365 = 789+ approximately rounded off
Overall Summary
| Parameter | Value |
|---|---|
| Total Staked | 155,641 COTI |
| APR | 185% |
| Yearly Earnings | 287,935+ COTI |
| Daily Earnings | ≈ 789+ COTI |
Today COTI is down 1% and is trading around $0.035 cents and now when I caluclate my daily earnings it is approximately $28+ [789 * $0.035]. So the main question is what is NeXt? Well it is very clear to me that I have already accomplished my COTI goal of having 150K+ COTI and gCOTI tokens being staked. And all the earnings that I am getting is redirecting to buying #HIVE. Yes it is that SIMPLE where I am swapping all the COTI tokens for #HIVE and building my stake the next pit stop for HP is now decided which is 250K+ HIVE POWER.The plan ahead is to continue riding this massive APR that I’m currently getting. I’m not sure how long this APR will last, but as long as it stays this high, I’ll keep my tokens staked and swap the reward tokens for #HIVE. There is also one things that I am looking into is vesting in #VET token as well. It could be that, I may land investing some percentage in buying #VET tokens. Lets see how things pan out in near future. But for now this should be it for todays post on - "COTI - Check the Max APR above 288% - My Earnings Per Day At Current Price - What NeXt? - #HIVE 250K+ HP..." Happy Investing and enjoy the high APRs if you are invested in COTI.... Stay COTI.... cheers
Image Courtesy:: Coti.treasury, coingecko
Best Regards
Paras
Wow that apr is insane! Good idea to convert rewards to hive, now that's low too
Yes that is the plan to use this money making machine to get as much information as Hive as possible.. Cheers
This is crazy APR with Coti. This is regular or just now because of market volatility ?
Yes mainly due to market volatility and coz. there was liquidation in LP pools where users were taking high risk and due to price tank their stake got liquidated and will be paid to users in low risk pools. Cheers
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STOPWell it apr is changing?