Cha Ching
The numbers are telling me there has been some rather big liquidations and the total TVL is missing roughly 6 million COTI over the last 24 hours. This is actually very good news for those who did not risk it for the biscuit and stuck it out in the Level 1 no risk level.
Things are rather wild in the crypto world right now and I actually enjoy this period as there is opportunities. You don't necessarily need funds to take advantage because if you are staked you can also benefit through others misery and greed. Fun times for sure and why being staked has many advantages with this being one of them when you are rewarded for your patience.
As you can clearly see in the bottom snapshot the APR has already changed and risen slightly after 30 minutes.
Being staked in the COTI Treasury the one benefit is when other stakes get liquidated you receive a percentage of their losses via an increased APR. It sounds kind of terrible, but that is the risk you take in crypto or others do anyway. I have been parked off in Level 1 with no risk earning a slightly less APR, but at least I still have my coins and have now started receiving other investors stake who gambled it away.
Yesterday I was receiving 48.9 COTI daily via rewards and I just calculated I am now earning 100.7 COTI daily which is more than double. The APR is still moving up slowly so this could be a large windfall for just being patient. Whilst writing this post the number is already at 110 COTI daily so it will be interesting to see where this number stops. A few days of this could in theory add an extra 1K COTI so it will be interesting to see how much has been liquidated.
My goal was always to try and get to the 100 COTI daily rewards so this is just giving me a taste of what this is like. Obviously this is also helping me boost my way to my 200K target goal and I need all the help I can get right now. Stake ears stake and this is simply marvelous when you see it compounding this quickly.
Price is not a factor to even consider right now and this is all still about the accumulation and the number you can achieve as your overall stake when it comes time to selling.
I do not understand how some investors think or don't think as how may have lost their bags in the last stretch of the cycle. You do this for 4 years only to get caught out through greed on the home stretch is kind of nuts and why short term gains are not worth the risk. I would hate to be starting again at this point as we are near the end of the cycle and billions would have been tossed away for nothing. People never learn and removing greed out of the thinking process is the only solution.