The COTI Treasury APR has been slowly decreasing and don't get me wrong as I am not complaining because let us face it anything over 15% is still quite remarkable. When you compare COTI to most other staking APR's 15% is actually very good and at some point it should stabilize.
The 15% may be misleading as the base is now around about 6.55% having been over 7% a few weeks ago. The 15% I mentioned is this 6.55% base APR plus the bonus of another 8.62% generated from the GCOTI stake which shows what an important role this is now playing.
The way I look at things is that over the coming months and years there will be many more partnerships using the COTI V2 privacy tech called "Garbled Circuits" and this is still very new. We are still learning where the use cases are going to happen in other block chains and in real life whether it is an app on a phone protecting your log in details. Just because technology that was designed and developed for crypto doesn't mean it cannot be used elsewhere and built into other systems.
These partnerships will all feed back as earnings for COTI investors staked in the Treasury via an APR so if we can hold between 6% as the base level whilst partnerships roll out the hope is this number will slowly rise again.
My daily earnings are still holding around 80 COTI daily mainly because the stake is growing and I am keeping the growth rate at roughly the same rate the APR has been dropping. You do realise this growth rate has to be maintained if you want to be earning the numbers you are used to on a daily basis. This is actually not so bad as growing the stake is the end goal anyway and targets will be achieved.
Just over a month ago I had 176.7K COTI and today 187.2 so that is roughly 10K growth in just a short period of time and more importantly added another 12K GCOTI. The additional GCOTI is what saved my bacon as this extra 12K GCOTI adds an additional 8.6 COTI rewards daily. The extra COTI accumulated over the last month is only worth 1.8 COTI daily so it is clear how valuable the extra GCOTI is and the role it plays in the growing of the stake.
The 200K COTI target is in reach now and another month of the same sized buy ins and earnings will see me reach my goal. The peak of this cycle is still a good three or four months away hopefully which bodes well and can then see how far past the 200K target is possible.
This staking goal was a genuine test to see how much value could be earned in dollar value over a 4 year cycle starting from 0. If I take the last COTI ATH back in 2021 then this would be worth close to $130K, but somehow I believe we will see much higher dollar values now it is a leading L2 crypto on Ethereum with the added privacy tech that was not there in 2021. How much added value is this all worth in dollars I have no idea and very keen to see how this bull market shapes up. Will privacy be leading the narrative this time around?