COTI Treasury Update #2.
27 Jul 2023, 06:34
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.