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COTI is the world's first DAG-based blockchain protocol optimized for use by payment dApps, merchants and stable coin issuers. Website: https://coti.io/ Blog: https://medium.com/cotinetwork Twitter: https://twitter.com/COTInetwork
Well i’m not sure if you are real or just a scammer in this chat.
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Hi, i’ve had a lot of coti in my treasury. They are all gone now? Treasury closed? Where can i find them back!
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Yeah, my bad, we were talking different fees. I am talking about the fees that are supposed to go the now non-existing COTI Treasury, the rest should be unchanged.
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Here are the official references from COTI that confirm the destination of the different fees and the handling of the Treasury suspension:1. Sources on Mint/Burn Fees (1.5% Accumulation for SHEN)The official Djed documentation and economic announcements confirm that mint and burn fees do not pass through the Treasury; instead, they accumulate directly in the smart contract for the sole benefit of SHEN holders:Accumulation Mechanism in the Equity Pool: As detailed in the official Djed FAQ article published on the COTI Network Medium, mint and burn fees increase the protocol's reserve pool directly. SHEN holders redeem their share of these accumulated fees upon burning their tokens.Economic Structure Details: A deeper breakdown of the mathematical flows can be found in the report Djed Update: Economics of the Djed Stablecoin and Delegation Rewards, which reiterates that 100% of these 1.5% fees are shared exclusively among reserve token holders.
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as for the missing rewards for Epoch 636 (or which one is still open in the rewards list) - I am waiting for an official announcement - @VOvadenko has all the infos
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(pretty sure about this, because I remember fees had to be converted trom ADA to COTI before doing this)
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where did they state this?
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the COTI treasuy has been shut down, check the recent announcements
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Next week coti at the avax conference. Lets hope for some banger news
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Hey there Manar, 👋
Welcome to COTI - The fastest and lightest privacy layer in web3. admins will never dm first
You can email us at support@coti.io if you are facing this issue.
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Hello together. I’ve logged in to the coti viper wallet after not accessing for a year.
I can’t see my coti balance. Does this mean I can’t migrate to the new v2 and have lost my tokens?
there is no more treasury, so where are the fees from DJED/SHEN mints and burns going? they were supposed to go to the treasury and be re-distributed to people staking in the treasury. we have yet to hear what will happen to them now the treasury is gone.
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I am checking internally.
Will get back to you.
we are also still waiting for an answer what the plan is for the SHEN fees, now that the treasury is gone.
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@iamastnoished, a deceiver, has been silenced! ODIN's watchful ear ensures the realm stays safe from lies. Stay true, stay safe.
Reason: User P was muted because of having same profile photo as admin.
I'd really love an overall update from COTI regarding DJED/SHEN - we haven't heard anything about it in a while. Is it still developed, are there further plans? What happened to the whole private DJED idea, etc...
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2. Sources on Operational Fees and Treasury SuspensionThe details regarding the conversion of operational fees and the total halt of the Treasury V1 pools to pave the way for the Layer-2 transition (COTI V2) come from official governance updates:The Original Operational Fee Flow: In the COTI Djed AMA Recap, the original route for operational fees is historically mapped out: collected in ADA, traded on the open market for $COTI, and deposited into the Treasury to reward stakers.Official Treasury Suspension Announcement: The official documentation concerning the indefinite pausing of the Treasury to focus resources on institutional growth and the transition to COTI V2 is detailed in the COTI Treasury Update & Migration Plan documentation.Distribution and Closure Confirmation: The operational closure and the automated distribution of remaining pool funds back to user wallets were communicated directly via the official @COTInetwork X Profile.
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Is there any way to stake other than kucoin?
Any decentralised way without kyc?
Or in future ?
we are talking different fees.
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my understanding was that mint and burn fees go to the COTI treasury.
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Yes, I’ve read the recent updates, but they state that this doesn't affect the existing mechanism for mint and burn fees related to Djed and Shen... those continue to go into the Djed smart contract's Base Reserve... or am I misunderstanding?
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It’s payday. You push 40 stablecoin transfers out of the company wallet. But now, anyone can read what every person on your team earns 👀
On COTI those amounts are encrypted. Payroll still clears in seconds, and what you pay stays between you and the person you paid 🛡️
Hi, But don't the mint and burn fees go into the DJED smart contract's BASE RESERVE, thereby increasing the value of SHEN?
What do you mean when you say the TREASURY no longer exists? Which treasury are you referring to?
THANKS!
Is it possible to restore them or not?
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one question please. when i missed to swap my COTI V1 to COTI V2 they are gone?
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probably just going to the same wallet where the community reward portion of all newly minted supply is going now, but we don't know
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Vlad has the statement from Wave somewhere
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Hi, I think I missed something.....
Can you please update me? Thanks!
Is there any news regarding the unpaid rewards for SHEN holders for epoch 636?
Thanks!