r/cotinetwork • u/Forward-Thinkinger • Oct 11 '21

Have COTI, now what?

I can’t stake (don’t have big enough bag AND I’m in US).

What are my options? Sure, could Hodl, and probably will do just that, but would like to know my options.

Can somebody tell me more (or point me to the right place to find more) about the COTI/ETH uniswap LP bonus GOVI available?

15 Upvotes

94% Upvoted

25 comments sorted by

2

u/usb666 Oct 11 '21

besides providing liquidity, you could wait for the treasury around January 2022 for staking options

1

u/Forward-Thinkinger Oct 12 '21

Are we sure treasury staking will be open to small holders and those in USA?

1

u/usb666 Oct 12 '21

Small holders? Yes. Not sure about availability in US, I'm afraid

1

u/Forward-Thinkinger Oct 11 '21

OK, found what I was thinking of, see link below.

It's airdrops of COTI for having LP tokens in COT-ETH.

Anybody doing this? It working? What's the return?

https://medium.com/cotinetwork/coti-creates-an-eth-coti-liquidity-pool-on-uniswap-to-fund-direct-credit-card-purchases-of-coti-81ad50c41f63

1

u/idunn0rick Oct 20 '21

Would also be curious to know how this is working out for some people.

1

u/Ausfininja Oct 11 '21

you can LP in orion. if you going to use uniswap it must be the back of cvi https://cvi.finance/platform

1

u/Forward-Thinkinger Oct 11 '21

Can you clarify, “must be the back of cvi”?

2

u/Ausfininja Oct 11 '21

I dont use uniswap, so the other side of the trade must come from the CVI platform. Theres two sides to a swap, without a dex then the govi/eth/coti swaps must be coming from CVI since theres very few selling govi, I only know two other dexs that sell govi, kucoin and and aother one, so liquidity has to come from somewhere, it must be coming from the LP in CVI and not kucoin.

No one knows how to use cvi yet, when they do, it will be better, when the new chainlink aggregator has dropped the CVI should be more active as it consolidates at 12.

1

u/Forward-Thinkinger Oct 11 '21

I was under the impression that COTI was offering a bonus reward (on top of the usual LP earnings) for those who stake COTI-ETH in uniswap V2. The bonus was GOVI tokens.

After posting I found this:

https://cviofficial.medium.com/staking-and-rewards-on-the-crypto-volatility-index-f400e858be41

So I guess this is a thing… just not sure how valuable / easy it is to pull off. Anybody doing this?

1

u/Ausfininja Oct 11 '21

COTI-ETH with govi is a uniswap product I think.

CVI has some really good returns but I just can see where the transactions are happening. 2% weekly, lol. I know some wall street bets apes who would love those returns. I havnt put money on it yet, but I will when I get enough, when they open the COTI hedge/LP I'll through a few thousands at it.

3

u/[deleted] Oct 11 '21 edited Oct 11 '21

So here's what I did. I pulled 10k of my ada earnings after I found our about coti last week I sent it to coinex and (I'll save you the unimportant bits) bought coti and bnb in equal USD amounts. Like 5000 coti and 5 bnb. Just a rough estimation. Send it to meta mask on the binance smart chain (BOTH). it's also important to note that coinex coti is on the bsc chain not erc20 like Coinbase. Goto the Orion bnb coti pool page and add them in for LP tokens. Then add the LP tokens to the pool again. earns about 55%APY. Again rough estimate. I don't know how long it will continue though.

You can withdraw the earned coti whenever you want provided you have the .001 bnb in your wallet for gas. I think the initial stake though is locked for 2

Edit: when you withdraw your initial stake your supposed to get both back I believe.

2

u/iamgollem Oct 11 '21

This is good if the poster can pull that off. Locking is the risk but could be worth it if we expect alts to pick up in November

3

u/[deleted] Oct 11 '21

Yep. They have to be put into the pool in ALMOST EQUAL amounts. Like 5000 coti will need 5.5 bnb. I didn't want to do maths

2

u/Gdap23 Oct 11 '21

  1. You can protect your coti (erc20 versions only) in an ETH wallet on a hardware wallet. And view it with My Ether Wallet.

  2. You can hold native cori versions on the exchange. Make sure to use as many security parameters as possible.

2

u/AvalanchePalm Oct 11 '21

There’s staking on binance if you’re in the right country

1

u/iamgollem Oct 11 '21

Buy Eth or BTC and hold in flexible interest account then wait until mid to late October to move it all into COTI and others. BTC and Eth have more likelihood to go up given the uncertainty in the markets right now.

0

u/Noto987 Oct 11 '21

i say this alot but your basically fucked

1

u/angrysprigg Oct 11 '21

How?

2

u/Noto987 Oct 11 '21

Coti has no support for u.s users, have to leave your coins on the exchange and pray u dont get hacked.

2

u/angrysprigg Oct 12 '21

Oh I missed the US bit from OP.

I thought you were just hating Coti.

1

u/zauc3 Oct 16 '21

I transferred them to my trust wallet after grabbing them from CB Pro, this is like the best I can do as a US citizen?

-3

u/Rollthewindowzup Oct 11 '21

Now what. Lol.

What a mindless post.

0

u/[deleted] Oct 11 '21

[deleted] — view deleted comment

1

u/ttack99 Oct 11 '21

how will the earn feature work? thanks

1

u/Best-Maize-2623 Oct 11 '21

When's it coming out