Get ready! The gCOTI APY Boost feature will be enabled starting next week, allowing users to deposit gCOTI in the Treasury to boost their base APY by up to 800%!

Learn more and watch the tutorial video: https://medium.com/@cotinetwork/gcoti-unlocks-an-apy-boost-of-up-to-800-for-coti-treasury-deposits-heres-how-it-works-9209f0098f75

🛠 Update: A Treasury maintenance will take place within the next hour.
During the maintenance time, there will be no liquidations. Thank you for your understanding!

The gCOTI APY Boost feature is now LIVE!
You can now deposit your gCOTI in the Treasury to boost your base APY by up to 800%.
Any Treasury deposit can be boosted, regardless of whether it was part of the gCOTI Airdrop Campaign. Please note that withdrawals of rewards are unavailable up to 24 hours.

Check it out: https://pay.coti.io/
Want to learn how it works? Watch here: https://www.youtube.com/watch?v=lAkfKPpfsvY
Or read here: https://medium.com/cotinetwork/gcoti-unlocks-an-apy-boost-of-up-to-800-for-coti-treasury-deposits-heres-how-it-works-9209f0098f75

We are happy to announce an exciting ‘DJED on BNB’ TG AMA event with special guests from Chainport and Thena!
Join us as we answer all your questions!

Submit questions here: https://docs.google.com/forms/d/e/1FAIpQLSf9xQ4JYpI9nHyJwrmZxfs-zqrrb4c8MHQjaxpZXu0vI1ZK2Q/viewform?usp=sharing
We go live on July 13 at 1PM UTC: https://t.me/COTInetwork

Calling all creative members! The gCOTI Community Campaign is here! Our awesome group of judges brings you the first challenge: Create an eye-catching infographic about COTI and you could win up to 50K gCOTI!
Get all the details from https://twitter.com/GcotiCC

We are happy to share that we added a new wallet support, and users can now also interact with the Djed platform using Lace!

Join us in 1 hour!
👉 https://t.me/COTInetwork

There's only one more week left to participate in the community campaign's first competition, but there’s more than one way to get involved. Spread the word via the Gleam link below and you could win 2,000 gCOTI!

Join here: https://gleam.io/Teu0H/gcoti-community-campaign-social-media-supporters

COTI updates by Shahaf Bar-Geffen, COTI's CEO
Shahaf Bar-Geffen, COTI's CEO, discusses recent events in the crypto world and shares some COTI updates including Djed, SHEN, gCOTI, Enterprise development status, as well as answering some community questions.

Watch here: https://www.youtube.com/watch?v=eZThR9MPg7o

gCOTI Rewards Distribution
We are happy to share that we have successfully distributed the gCOTI rewards of the 1st phase of the community campaign! A big thank you to our incredible community for supporting us. More options are now available below 👇

Participate in the community campaign: https://medium.com/@gcoticc/infographic-competition-win-gcoti-7f9dad242225
Join the Gleam activity: https://gleam.io/Teu0H/gcoti-community-campaign-social-media-supporters

The Distribution is as follows:
-Top social media users: 5,500 gCOTI each.
-Testnet operators: 1,500 gCOTI each.
-Mainnet operators: 1,800 gCOTI each.
-Additional contributors such as tools and website builders, podcast hosts and more, received an additional 3,000 gCOTI for their contribution.

Stay COTI!

COTI Treasury Update

After careful consideration and in the interest of ensuring a fair and sustainable system that meets industry standards and common practices, the grace period will no longer be in effect, effective August 1st, 2023.

Users who have deposited with a multiplier can still monitor their deposits and account status via their VIPER wallets.

For any questions, contact our support team at support@coti.io.

Read more about the COTI Treasury: https://medium.com/cotinetwork/everything-you-need-to-know-about-the-coti-treasury-b5fd09e1d82a

Stay COTI!

COTI Treasury Update #2
We have decided to offer additional time until the cancellation of the grace period, which will take place on August 15th instead of August 1st. Rest assured that there is a safe mechanism in place to "halt" Treasury actions in real-time in case of any price oracle issues. In such cases, all actions (liquidations, withdrawals, top-ups) will be executed precisely in the sequence and pricing of the user's original action time.

As stated previously, choosing a multiplier for an individual deposit will increase its APY accordingly. However, this also elevates the risk of liquidation for that deposit due to fluctuations in COTI’s price.

COTI, Where We Are, Where We Are Going. A mid-year review by Shahaf Bar-Geffen.

https://medium.com/cotinetwork/where-we-are-where-we-are-going-a-mid-year-review-a867d8eb9eab

What providing liquidity for DJED & SHEN looks like right now 👀

Visit http://djed.xyz for more info

We are excited to share that Shahaf Bar-Geffen will be speaking at the upcoming Cardano Summit 2023 in November!

Check out the full speakers' list: https://summit.cardano.org/2023-speaker-lineup/

As we continue on establishing Djed’s adoption, we are glad to present to you another DJED use case! This week we’re taking a look at the implementation of DJED on VyFi.

Read here: https://medium.com/@cotinetwork/djeds-new-use-case-spotlight-vyfinance-690199da0ac6

We’ve just airdropped gCOTI rewards to the winners of the first Community Campaign competition! gCOTI rewards were awarded to creators, runners-up, judges and one lucky Gleam winner! Stay tuned for more competitions.

Check out the winners here: https://twitter.com/GcotiCC/status/1686420317407793165

Treasury Updates

We have decided to remove the 24-hour minimal engagement period that prevented Treasury withdrawals directly after new deposits or top-ups. This now gives users the ability to perform actions on the platform almost immediately after making a deposit.

In order to prevent abuse of the system, a 5-minute minimal engagement period will still be in place for new Treasury deposits or top-ups.

Final Reminder - The grace period for Treasury liquidations will end on August 15. As always, choosing a multiplier for a deposit will increase its APY, however, this also elevates the risk of liquidation. Please continue to regularly monitor your Treasury deposits.

Stay COTI!

We are happy to announce that COTI is now integrated in Koinly’s tax reporting software, making it easier for $COTI holders to manage their tax obligations.

Learn more here: https://medium.com/@cotinetwork/coti-is-now-integrated-with-koinly-for-crypto-friendly-tax-management-7334bb3ee503