Today I have to move my main GCOTI airdrop stake into the normal staking pool which will be the first time I have touched it for 360 days. This was definitely well worth it however as over that time this has helped me more than double my over all stake. This will now be moved forming a much bigger stake in one pool. The other 2 smaller locked stakes come due within the next 2 weeks.
The downside is I doubt I will get close to the 16.64% APR I was earning which I have become used to. This may take another 6 months to get back to this type of number and will just have to play around to see how to maximize the rewards.
Under normal circumstances you would be worried with 300 Million COTI becoming unlocked, but I expect this will all be locked up again for the next round of airdrops. There is just too much good stuff going on and the price will reflect that over the coming 12-18 months so taking profit now would not be a very smart move.
I see this as day one for the new airdrop being COTI V2 because many others are going to be restaking today so the AP should drop before it settles and then slowly rises. Every week you remain staked the rewards become bigger so understanding how this is formulated is the key now. Length of time, activity through the scoring system and what staking level you choose are the determining factors used.
Currently my APR in this pool is 3.47% and is rising at 0.02% on average weekly with the GCOTI rewards I receive. This sounds like very little, but never underestimate what this does over 6 months along with the compounding happening behind the scenes.
Those of us who were able to stake from early on have been given an extra APR boost as a thank you. The APR is down to earnings and now it looks like we will have 3 filtering through with the new Civic COTI partnership announced yesterday. I will need to look at this in far more detail, but from what I have seen thus far it looks very promising.
Above I mentioned COTI has 3 streams of income over and above what they were earning before their other private payment networks so his is a genuine use case crypto providing services that are crossing over into the real world.
This privacy and payment network has only just started so one can imagine when you have 50 of these streams what type of effect that will have on the base level APR. There is no rush because this is going to happen and anything worthwhile we know does take time.
I withdraw my rewards and deposit from the Unlocked deposit, but now I don't know what to do. Adding a new deposit for 1 or 2 months is barely covering the fees. What's your approach on that?
Your stake unlocked and just restake there is no fees for that task. I just staked over 60K and it cost nothing. Let it unlock first.
Do not withdraw the stake because then you do not receive the benefit of being staked for a long time.
Too late on that, I've closed my deposit. Big mistake!
I will make another deposit probably for 3 Months and than stake on it. Do you use x1 or higher multiplier like x2 or so...?
Only use x1 due to risk of liquidations. No one knows what market will do and it is too risky. Sorry you jumped moving the stake and should have just asked me quickly.
Yeah... I am sorry as well for being quite "stupid" on this considering the knowledge that you proved on COTI.
A question now... should I create a new Deposit with all my COTI or is it good to leave something aside? It is not clear for me when I restake - do I have also the funds from the deposit or only the rewards/tokens that are in my balance available?
You should have it all as liquid if you have no staking left. This is up to you now because it is going to cost around 1.25% fees to stake. I would stake but you need to choose your time because we all think differently and have different strategies,.
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