You Voted and Decided: gCOTI APY Boost is Growing!

COTI
COTI
Published in
2 min readNov 12, 2023

The first gCOTI vote concluded earlier today, and we are pleased to share the results with you.

A snapshot was taken today at 12:17:35 UTC, capturing the gCOTI balances of all voters, including their addresses and Treasury deposits. The total gCOTI in the snapshot amounted to 23,294,384.69, with the distribution as follows:

  • Decrease APY Boost: 8.3%, representing a snapshot of 1,933,433.92 gCOTI.
  • Maintain APY Boost: 31.9% representing a snapshot of 7,430,908.71 gCOTI.
  • Increase APY Boost: 59.8% representing a snapshot of 13,930,042.04 gCOTI.

Now that you’ve voted to increase the APY boost, the next question is “By how much”?

The next vote will propose four options regarding the percentage increase in the current 800% APY boost:

  1. 1,000%
  2. 1,200%
  3. 1,400%
  4. 1,600%

This vote will take place this Thursday, November 16, at 12 pm UTC, and will conclude on Sunday, November 19, at 12 pm UTC.

We would like to express our gratitude to all the participants who took part in the voting process. Understanding that there were numerous factors to be considered and various discussions about it, we kindly ask you to remain respectful to each other during this process.

Stay tuned for more updates.

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

CoinMarketCap Feed: https://coinmarketcap.com/community/profile/COTI

Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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COTI is the fastest and lightest confidentiality layer on Ethereum.