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COTI Treasury Receives 2nd Batch of Djed Fees, APY Adjusted to 74.4%

COTI, the blockchain-based payment platform in charge of the Cardano stablecoin Djed, announced today that it had sent the second batch of Djed’s operational fees to the COTI Treasury to distribute among users as staking rewards. Accordingly, the maximum APY for staked tokens has been adjusted to 74.4%.

The move comes after Cardano (ADA) tokens were converted to COTI on the open market, details from the announcement reveal. The resulting COTI tokens were then channeled to the Treasury to be used as staking rewards for users who staked their native COTI tokens.

The development follows the launch of the Treasury on Feb. 1. The COTI Treasury is an algorithmic token pool that allows users to stake their COTI tokens to receive rewards. Users can only deposit native COTI to the Treasury using Viper Wallet, COTI’s native self-custody wallet.

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