Go to: https://treasury.coti.io/ and connect your MetaMask wallet by clicking ‘’Enter Treasury’ or ‘Connect’ at the top right. If your wallet is already connected, skip to step 7.
2. Choose the network that you want to make the deposits from / manage the deposits in. You can choose between COTI Mainnet and Ethereum (for COTI ERC20 deposits).
3. After choosing your preferred network, MetaMask will pop up and you’ll need to connect your wallet:
4. Then you’ll need to confirm the signature request:
5. You should now see the network symbol and your address on the top right, to show you are connected to the network:
6. If you need to change networks, click Disconnect. Then connect again and choose the other network.
7. To enter the Treasury, click ‘Enter Treasury’ or ‘Deposits’. Here you can see your deposits, manage them, and make new deposits.
8. To make a new deposit, click on ‘Deposit Now’.
A new window will open up and will look like this:
9. If you have several addresses you will need to choose the address you want to make the deposit from.
10. Input the amount you wish to deposit (minimum deposit amount is 1 $COTI + fees). If you wish to deposit your maximum balance amount, click on “Max”
11. Choose whether you want to pay the fees from your deposited amount or from your wallet balance by checking or unchecking the “Include Fees” checkbox.
12. If you wish to increase your deposit multiplier above the default of x1 you can do that now. Please be aware that increasing the deposit multiplier above x1 may result in deposit liquidation.
13. If you wish to lock your deposit, choose a Locking Period. An X1 multiplier gives a max of 360 days locking period. An X2 multiplier or more gives a max locking period of 120 days.
14. You can automatically extend the set locking period for an additional lock cycle, once the first cycle has elapsed, by checking the ‘Extend Lock Period’ button.
15. Review your deposit parameters. Remember, new deposits will be subjected to a minimal engagement period of 5 minutes during which you will not be able to withdraw your deposit balance.
16. After clicking on ‘New Deposit’ a MetaMask pop up window will appear with the transfer request. After reviewing the details click on “confirm”.
17. The transaction will be confirmed and you’ll be able to see your deposit request submitted. Please note that at this point the transaction is still pending.
18. After clicking ‘Done’ you’ll see your transaction status (pending). It might take a few moments until it’s updated and approved.
You have completed the tutorial.
Everything you need to know about the Treasury
What is COTI’s Treasury?
COTI’s Treasury is an algorithmic and decentralized pool of $COTI that enables users to deposit $COTI and get token rewards for their participation.
How many deposits can I make?
You can make an unlimited number of deposits.
What is a ‘multiplier’?
A multiplier enables you to increase your deposited amount, thus also raising your risk profile and as a result your APY. Setting a higher multiplier will multiply the deposited amount within the treasury, which will result in a higher deposit APY. Increasing the multiplier value above x1 also introduces a deposit liquidation risk as the multiplier has a direct impact on the deposit health factor, which is calculated based on COTI’s price fluctuations.
Please note that the chosen multiplier will be applied to your deposit, regardless of whether the locking period has ended or not.
What is the least risky deposit I can make?
Minimal risk; unlocked with a multiplier x1
What is the riskiest deposit I can make that will maximize rewards?
120 days locked with a multiplier x8.
Which multiplier should I select?
We do not provide investment advice. Choose settings consistent with your risk tolerance and understanding of liquidation risk. You should select your multiplier based on your risk appetite, by increasing the multiplier you stand to claim more rewards but at the same time you increase the risk that your deposit will be liquidated in case your deposit health factor falls to 1.0 or lower.
The Multiplier is an important factor in the deposit health factor calculation; a high multiplier has a much more significant health factor impact when COTI price fluctuates than lower multiplier settings have. Increasing the multiplier value above x1 also introduces a deposit liquidation risk as the multiplier has a direct impact on the deposit health factor, which is calculated based on COTI’s price fluctuations (the higher the multiplier the higher the impact on the deposit health factor, e.g. Depositing 1,000 COTI with a 2x multiplier would be like depositing 2,000 into the Treasury).
Can I change the multiplier after I deposit into the Treasury?
No, you can only change your deposit amount and your lockup period, if you chose a lockup period.
Example: I deposit 100 $COTI with a multiplier of x2. My deposit goes into liquidation risk so I add another 100 $COTI. Will I now earn rewards from 200 $COTI at x2?
200 $COTI is your new deposit balance and it would be as if you deposited 400 $COTI, due to the x2 multiplier.
What is the APY in the Treasury?
APY is an annualized percentage yield metric used to express reward rates. The Treasury uses the APY model in order to calculate rewards. Deposits will earn an APY in the form of Treasury rewards ($COTI) based on the deposit multiplier and the lockup period. Native $COTI deposits are eligible for gCOTI rewards.
How is the $COTI APY calculated?
An individual deposit APY is calculated based on an individual deposit’s risk factor which is a function of the deposit size, the multiplier, and the lockup period (the APY calculation is performed in 60 second cycles). By increasing the multiplier of an individual deposit, its APY will increase accordingly and so will the risk of liquidation of that deposit due to COTI’s price fluctuations. In addition, the Treasury APY will be affected by inbound and outbound liquidity flow. Please note that the APY is an estimated APY as it’s being recalculated every 60 seconds and may fluctuate (increase/decrease) during the deposit’s life cycle. APY is calculated from current on-chain parameters at the time displayed, is not guaranteed, and may change without notice.
If everyone is going to be allowed to deposit through the Treasury system, wouldn’t it lead to a huge crash in APY since the fees currently will stay the same?
The more deposits are created and more liquidity flows into the treasury individual deposit APY% will decrease, as liquidity is taken out of treasury individual deposits APY% will rise. As we continue to evolve and process more transactions and collect more fees, the reward pool will grow, and lower APY% can yield more rewards for an individual deposit. Furthermore, whenever a deposit gets liquidated, it gets deposited into the Treasury as a reward, thus increasing the APY.
What does the ‘extend lock period’ do for my deposit?
You may extend the current lockup period by activating the ‘extend lock period’ feature. By doing so, you will extend the lockup period by an additional cycle once the first cycle has elapsed. You may disengage the extended lockup period at any time before it has taken effect.
Can I withdraw my deposit before my lockup period is up?
Yes, you may withdraw your deposit at any time. If your deposit is locked you may withdraw it but rewards that were accumulated during the active lockup period will be liquidated and you will pay an early withdrawal fee (up to 2% of your deposit). An early withdrawal fee is a differential fee and it will be reduced based on the time elapsed since the lockup period start time. All withdrawals are released only to the same originating wallet address.
When can I withdraw my rewards?
You can withdraw all or part of your deposit or $COTI reward balance at any time. Unlike $COTI rewards that are actively required to be claimed, accumulated gCOTI rewards are distributed directly to users’ wallets on a weekly basis. If you withdraw the entire deposit balance, your accumulated rewards will be automatically withdrawn and your deposit will be closed.
How often are the deposit rewards being calculated?
Rewards are calculated and distributed in 60 second cycles.
Do the Treasury rewards auto-compound?
Yes, Treasury rewards accumulate and earn additional rewards that are equal to unlocked deposits with a multiplier of x1.
Will the Treasury rewards be redeemable regardless of whether I deposited with a locked/unlocked period?
Yes, your rewards will be claimable at any given time regardless of the lockup state of your deposit.Please note that if you claim the rewards that were accumulated during the active lockup period and then withdraw before the lockup period has elapsed, your deposit platform will identify them and deduct them from your withdrawal amount.
What is the ‘minimal engagement period’?
New deposits or top-ups (adding funds) to active deposits will be subjected to a minimal engagement period of 5 minutes during which you will not be able to withdraw your deposit balance. The minimal engagement time period is designed to eliminate system abuse.
How long after I deposit into the Treasury can I withdraw my funds?
If you set your lockup period to unlocked, there is currently a minimal engagement period of 5 minutes that will prevent you from withdrawing. After the period has elapsed, you may withdraw your funds without having to pay the early withdrawal fee, unless you added funds to the deposit, which will reset the minimal engagement period. If you set a lockup period other than ‘unlocked’ and you withdraw your deposit before the locked period has elapsed you will pay an early withdrawal fee.
What happens when I top-up during the minimal engagement period?
Making a top-up during the minimal engagement period will reset the timer.
Is there a risk of losing your deposit in the Treasury?
The deposit could be liquidated by the platform as a result of a deposit health factor of 1.0 (or lower) over a certain period of time. The Health factor calculation is based on your deposit multiplier setting and COTI price fluctuations. Read more about the health factor here.
What happens to my deposit if it gets liquidated?
The liquidated deposits’ entire balance will be transferred to the treasury and redistributed in a form of treasury rewards between all active deposits.
Do I lose my rewards if my deposit gets liquidated?
Accumulated rewards will remain in the platform and will be available to be claimed by the user at any time. Please note that remaining rewards will stop earning additional rewards as the deposit balance has been liquidated.
What is the Health factor?
The Health Factor calculation is used to determine the health of the deposit; if the health factor falls to 1.0 the deposit will be at a liquidation risk that may lead to the liquidation of the entire deposit amount. Health factors may increase and decrease based on COTI price fluctuations. When the COTI price increases, the health factor does too, and if the price decreases, so will the deposit’s health factor.
Disclaimer: The COTI Treasury is a non-custodial mechanism that allows eligible users to deposit $COTI and receive $COTI rewards. Participation is not an investment, does not create a profit-sharing arrangement, and rewards are variable and not guaranteed. No offers to buy or sell securities, commodities interests, or money transmission services are being made, and nothing herein should be construed as investment, financial, or trading advice. Users remain solely responsible for their own decisions and compliance with applicable laws. APY is calculated from current on-chain parameters (e.g., multiplier, lock period) at the time displayed and may change without notice. APY is projected and variable; no guarantees. See terms at coti.io/treasury.
For COTI updates and to join the conversation, be sure to check out our channels:
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