COTI V2 Airdrop Campaign — All the Details

Published in
5 min readMar 18, 2024


The COTI V2 Airdrop Campaign is now live, and in this article we are going to share with you everything you need to know about it.

If you haven’t read the Airdrop announcement yet, go to:


  • When: The COTI V2 Airdrop Campaign is now live! You can join any time! Distribution of COTI V2 tokens will commence shortly after the COTI V2 TGE, planned for Q4 this year.
  • What: All Treasury participants are automatically eligible to receive a share of 40M $COTI V2 tokens, atop their regular APY rewards. It’s our biggest giveaway yet!
  • Who: Open to $COTI holders, both Native and ERC-20. Plus, our loyal users who’ve made deposits prior to Feb 28th, 2024, get a special bonus, adding extra days to their reward calculations — as a token of our appreciation for their early support.
  • How: Simply by having a deposit in the Treasury, whether it’s been there a while or it’s brand new.

I’m New to the Treasury. Where Can I Learn More About It?

In this article, we covered everything you need to know about the COTI Treasury. You can also check our FAQ or ask any question in our Official Telegram and Discord channels.

How to Open a Deposit?

Treasury deposits can attract different rewards based on two different user-selected variables.

  • Locking Period: You can choose to lock your deposit for 30/60/90/120/180/270/360 days. Higher locking periods attract a higher APY.
  • Multiplier: Deposits have a 1X multiplier by default. You’re able to choose multipliers of 2X, 4X, 8X or leave on the default 1X setting. Higher multipliers attract a higher APY, but come with an increased risk of liquidations.
  • Please note that multipliers can be applied only on deposits with a locking period of up to 120 days.
  • Only Native $COTI deposits are eligible for $gCOTI rewards.

If you are new to the COTI Treasury, all you have to do is go to and enter the Treasury with your VIPER Wallet (for $COTI Native deposits) or your Metamask Wallet (for $COTI ERC20 deposits). If you don’t have a VIPER Wallet yet, you can follow the steps in this tutorial.

Just click ‘Enter Treasury’ or ‘Connect’ (in the top right corner) and choose your preferred Wallet. You can also navigate to the ‘Deposits’ tab and connect your wallet from there.

After successfully connecting with your wallet choose the address you want to make the deposit from and the amount you want to deposit.

Choose the deposit multiplier you want to apply to your deposit (x1 means no multiplier) and choose a Locking Period if you wish to lock your deposit.

On the right side of the screen, you’ll be able to see a preview of your deposit parameters. Click “New Deposit” to submit and you’re done!

Who Can Participate?

  • Native and ERC-20 $COTI holders are both eligible to participate to be rewarded for their new and existing deposits in the Treasury. Geo-restrictions may apply according to our T&C.
  • A “head-start” bonus will be given to existing Treasury participants who deposited prior to Feb 28th. The seniority of these deposits will be calculated from February 28th instead of March 25th.

How Much COTI V2 Tokens Will I Receive?

Your share of the 40M $COTI V2 tokens is calculated based on your deposit amount and the following factors (each can range between 1.0 to 4.0 and are relative to the rest of the Treasury participants):

  1. Treasury APY Factor (30% weight): This considers your base APY influenced by the deposit’s multiplier, its lock period (options range from 30 to 360 days), and any gCOTI boosts you’ve applied. Meaning: You’ll be rewarded in the same proportion as today, the more you lock, multiply or boost, the more additional APY you’ll receive from the airdrop.
  2. Treasury Duration Factor (40% weight): The rewards grow with the length of time your $COTI has been in the Treasury. While locking isn’t mandatory, withdrawing resets your seniority. Meaning: You’ll be rewarded for your loyalty to the Treasury, the more consecutive days you’ll hold your tokens in the Treasury (no matter how you’ll use them), the more additional APY you’ll receive from the airdrop. This factor is exponential — If you withdraw the tokens and deposit them back, you’ll lost the seniority, as seen in the chart below:

3. Treasury Activity Factor (30% weight): The more you engage with the Treasury by adjusting multipliers, locking in funds, adding to your deposit, or boosting APY with gCOTI, the higher your rewards. The activity will be measured by the amount of fees you were charged, in addition to the COTI’s liquidated in your positions. Meaning: You’ll be rewarded for your activity within the Treasury, which includes fees and even liquidations, relative to other participants. As you generate more actions and fees, you’ll receive additional APY from the airdrop.

4. Head-Start Bonus (Additional): Deposits made prior to Feb 28th gain extra days toward reward calculations (all three factors), boosting your potential share.


Let’s assume that a person deposits 1M $COTI, while the whole Treasury holds 500M $COTI throughout the whole period.

Although it’s impossible to estimate in advance how the airdrop will be broken down, as it depends on too many variables, according to our calculations, and assuming the campaign will last around 9 months (until COTI V2 TGE), the following scenarios could potentially apply:

  1. Keeping $COTI in the Treasury without any lock, multiplier or boost and without any action throughout the whole period, will gain the maximum duration factor but with a minimal Treasury activity factor. This should grant an additional estimated APY of 6–7% on top of their regular APY rewards.
  2. Keeping the maximum duration factor but also locking it to the maximum period (360 days) without a multiplier will also increase the airdrop APY factor. This should increase the additional APY by over 30%.
  3. Alternatively, instead of locking the deposit for the long term, users can move between different multipliers and shorter locking periods to open different deposits. This can boost the activity Factor dramatically. All factors are relative to the rest of the Treasury participants, so if most participants will choose to lock, there’s a bigger potential in gaining higher activity Factors.

Of course “mix and match” is possible and welcomed, so feel free to experiment with different activities to increase your potential share in the airdrop!

Please beware of scams and make sure to participate only in COTI’s official airdrop campaign via your VIPER wallet or

Stay COTI!

For all of our updates and to join the conversation, be sure to check out our channels:










COTI is the fastest and lightest confidentiality layer on Ethereum.