The COTI Treasury is a major pillar in the COTI economy with more than 477M $COTI tokens deposited capturing over 43% of COTI’s circulating supply.
As such, we are always looking for ways to improve it, make it more attractive for new users, and fairer for existing users. With that in mind, we are introducing an update to the fees’ structure. We believe this structure is fair and will grow the adoption of the Treasury even further.
As of January 1st, the fee model will be updated as follows:
Deposit fee:
A decrease in the deposit fee from 0.5% per deposit to 0.2%.
Withdrawal fee:
Withdrawal of funds by users will attract a withdrawal fee of 1.5%.
Network and Full Node fees:
These fees remain the same (total of 0.2%) for both deposits and withdrawals.
Early withdrawal fee:
Early withdrawal fee will also remain the same (0.5%-2%) for users that withdraw their funds before the locking period ends.
Liquidation Risk Fee:
A new fee which applies only to those who added a multiplier factor to their deposit (not relevant to those who chose x1 multiplier).
In the event that the health factor goes below 50%-70% and a user’s deposit is at the risk of liquidation, such a user will have the option of withdrawing his deposit. However, his action will incur a liquidation risk fee of 1%-5%, depending on the multiplier that the user chose and his liquidation risk. The lower the Health Factor is, the higher the fee.
Please note that these fees may be subject to changes.
We have exciting updates and big plans for the Treasury in 2023, which we will unveil in the coming weeks.
Stay COTI!
For all of our updates and to join the conversation, be sure to check out our channels:
Website: https://coti.io
Twitter: https://twitter.com/COTInetwork
Telegram: https://t.me/COTInetwork
Github: https://github.com/coti-io
Discord: https://discord.gg/9tq6CP6XrT
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf
