We are all aware of the blood being spilled in the markets right now but there are also some benefits occurring. Some peoples losses are where others gain and I have been lucky in that respect. There is always winners and losers in every scenario.
I mentioned the other day how I avoided being liquidated on the COTI Treasury by forfeiting my rewards and paying a 2% penalty fine. That is nothing compared to losing ones stake and why understanding what is possible is paramount in turbulent times like these.
This afternoon I opened up my COTI Treasury wallet and to my surprise the APR that was on offer last night has more than doubled. This is purely down to investors losing their stake and thus feeding the Treasury with more liquid COTI to be distributed out.
This is the stake I added last night and have 5 others all earning above 30% now.
Th APR was over 30% for a no risk staking which is quite incredible considering the stake I nearly lost I was chasing a 24% APR. Fast forward 48 hours later I am earning over 30% hassle free and no risks involved. This is a 2.5 x what I was earning 2 days ago and seriously great news.
I expect as the TVL pours in the APR will drop slightly but should take considerable time knowing that 40% of the COTI supply is already locked up in the Treasury. I do feel sorry for everyone who lost their stake but there has to be winners and losers in every situation.
I was playing it safe and happy with 12% so if you want to risk the 120% and lose then you should know the risks or don't play. The markets are not for gambling now as everything is so unpredictable with massive swings and is plain stupid to bet either way.
I am happy as every crypto I have currently is staked somewhere earning something whether it is 11% or 30% this is all adding up slowly making the portfolio losses that much more bearable. This is the difference from 2018 and 2022 as there is opportunities besides just holding and hoping.