COTI Treasury Update

After careful consideration and in the interest of ensuring a fair and sustainable system that meets industry standards and common practices, the grace period will no longer be in effect, effective August 1st, 2023.

Users who have deposited with a multiplier can still monitor their deposits and account status via their VIPER wallets.

For any questions, contact our support team at support@coti.io.

Read more about the COTI Treasury: https://medium.com/cotinetwork/everything-you-need-to-know-about-the-coti-treasury-b5fd09e1d82a

Stay COTI!

COTI Treasury Update #2
We have decided to offer additional time until the cancellation of the grace period, which will take place on August 15th instead of August 1st. Rest assured that there is a safe mechanism in place to "halt" Treasury actions in real-time in case of any price oracle issues. In such cases, all actions (liquidations, withdrawals, top-ups) will be executed precisely in the sequence and pricing of the user's original action time.

As stated previously, choosing a multiplier for an individual deposit will increase its APY accordingly. However, this also elevates the risk of liquidation for that deposit due to fluctuations in COTI’s price.

COTI, Where We Are, Where We Are Going. A mid-year review by Shahaf Bar-Geffen.

https://medium.com/cotinetwork/where-we-are-where-we-are-going-a-mid-year-review-a867d8eb9eab

What providing liquidity for DJED & SHEN looks like right now 👀

Visit http://djed.xyz for more info

We are excited to share that Shahaf Bar-Geffen will be speaking at the upcoming Cardano Summit 2023 in November!

Check out the full speakers' list: https://summit.cardano.org/2023-speaker-lineup/

As we continue on establishing Djed’s adoption, we are glad to present to you another DJED use case! This week we’re taking a look at the implementation of DJED on VyFi.

Read here: https://medium.com/@cotinetwork/djeds-new-use-case-spotlight-vyfinance-690199da0ac6

We’ve just airdropped gCOTI rewards to the winners of the first Community Campaign competition! gCOTI rewards were awarded to creators, runners-up, judges and one lucky Gleam winner! Stay tuned for more competitions.

Check out the winners here: https://twitter.com/GcotiCC/status/1686420317407793165

Treasury Updates

We have decided to remove the 24-hour minimal engagement period that prevented Treasury withdrawals directly after new deposits or top-ups. This now gives users the ability to perform actions on the platform almost immediately after making a deposit.

In order to prevent abuse of the system, a 5-minute minimal engagement period will still be in place for new Treasury deposits or top-ups.

Final Reminder - The grace period for Treasury liquidations will end on August 15. As always, choosing a multiplier for a deposit will increase its APY, however, this also elevates the risk of liquidation. Please continue to regularly monitor your Treasury deposits.

Stay COTI!

We are happy to announce that COTI is now integrated in Koinly’s tax reporting software, making it easier for $COTI holders to manage their tax obligations.

Learn more here: https://medium.com/@cotinetwork/coti-is-now-integrated-with-koinly-for-crypto-friendly-tax-management-7334bb3ee503

In this article, we are addressing some of the latest questions and clarifying some misconceptions about Djed.

Read all about it: https://medium.com/cotinetwork/answers-and-clarification-to-recent-djed-community-questions-95176450db09

The enterprise solution we've been working on is rapidly advancing as we now perform auditing and security checks.
We are happy to showcase the solution we've developed and provide insights into how it will benefit the enterprise and its users.

Read more: https://medium.com/@cotinetwork/upcoming-release-coti-pay-business-with-an-enterprise-client-6126297a932

Yesterday, we published an update about the COTI Pay Business solution for our enterprise client, and shared some details on the solution’s structure. For those of you who haven't read it, Shahaf Bar-Geffen, COTI’s CEO, took the time to explain it all in this video.

Watch here: https://www.youtube.com/watch?v=iiC8Bk69Wmo

COTI updates by Shahaf Bar-Geffen, COTI's CEO
In this video, Shahaf Bar-Geffen, COTI's CEO, shares some updates on upcoming developments for gCOTI and Djed, as well as addresses recent misconceptions about Djed and SHEN.

Watch here: https://www.youtube.com/watch?v=sunOrWQB3ck

In an effort to enhance transparency, we will consistently keep our community informed about the distribution of delegation rewards for SHEN holders. This article provides the latest information regarding Epoch 430.

Read more: https://medium.com/@cotinetwork/delegation-rewards-distribution-for-shen-holders-epoch-430-e47c23cb56e4

An upgrade to the Djed protocol has just been implemented with improvements to the Chain Index and Pub User. We've also reduced the operator fees as well as the minimum amounts needed to mint DJED and SHEN.

Read more: https://medium.com/@cotinetwork/djed-development-update-d183768e2073

We are pleased to share that Two-Factor Authentication is now available for Treasury withdrawals along with logins. Enabling 2FA provides an added layer of security to your deposits.

Learn how to enable 2FA here: https://medium.com/@cotinetwork/cotis-treasury-now-enables-2fa-for-withdrawals-61f22f2bdb9a

Delegation rewards for SHEN holders were distributed for Epochs 431 and 432.
Read here for all the details:https://medium.com/@cotinetwork/delegation-rewards-distribution-for-shen-holders-epochs-431-and-432-640fbc11f938

Today at 1pm UTC Shahaf Bar-Geffen will be interviewed on the The Block Group YouTube channel, where he will answer questions about Djed.
Don't miss out!

👉https://www.youtube.com/watch?v=tatucCet4S4

The 2nd gCOTI Community competition is here! Our dedicated group of judges brings you the second challenge: Take a photo with COTI’s logo in an epic location, and you could win up to 14K gCOTI! Get all the details from:
https://x.com/gcoticc/status/1702717184416645349?s=46&t=EsZkIjpugRtOLQbWMKJHdA

Delegation rewards for SHEN holders were distributed for Epochs 433 and 434:

Epoch 433:
-Snapshot time: August 31, 2023 at 11:49:59
-11,594.55 ADA have been distributed amongst 2,700 SHEN holders.
-Slot number in epoch 433: 223496
-Absolute slot number: 101916296

Epoch 434:
-Snapshot time: September 6, 2023 at 06:40:59
-16,115.24 ADA have been distributed amongst 2,703 SHEN holders.
-Slot number in epoch 434: 291371
-Absolute slot number: 102416171

We are happy to share that a $DJED / $DAI stablepool is now available on Wingriders!

Check it out 👇
https://app.wingriders.com/pools/980e8c567670d34d4ec13a0c3b6de6199f260ae5dc9dc9e867bc5c9362d9407c29c86944cd4b345de68e12ca47ce5e15a21d8220201733a77775bede