The one thing you can be assured of being invested in a project is there is always some news happening and in COTI there is always plenty going on. First up we had a bonus with regard to the APR in the treasury yesterday as the third batch of operational fees for DJED were paid out. 3 times in one month is kind of unexpected and also knowing we are still in the initial phase with a small roll out. What happens when we see it increase in size as these are serious boosts even if they only last for 3 or 4 days at a time.
The last time we received a payment was 8 days ago so this is starting to become a weekly top up which is only good news and more reason to be holding.
As you can see from the numbers above DJED is still small and expect once we hit phase 3 later in the year things will increase very quickly. DJED 1.0 was the launch phase ramping up to DJED 1.3 with a full rollout later in the year.
Before the APR increase the Treasury was sitting on 6.9% and now nearly doubled on 12.56% (5.66% compared with 3.26% last week) which you have to love earning me over 20 COTI per day which is only $1.60 or $48 per month. Still it is growing and that is all that counts right now considering the targets I have in place. Compounding along with the APR is going to make these targets far easier to achieve.
There has been much speculation with regard to Binance and their stablecoin BUSD for who and what is going to replace it. This has to be an over
collateralized token due to the regulations being imposed and to be honest and impartial cannot see Binance looking anywhere else than COTI for assistance. It will not be DJED as this makes no sense having between 4 and 8 times the value locked up as a $10 billion market cap would require $40-80 billion in reserves making that token now costing $50-$90 billion.
CZ knows what DJED is and is no fool so he is playing with the Cardano community winding them up. the relationship Binance has with Shahaf (COTI) is big and why I believe they are already working on a new stable coin. This will be good business for Binanace and COTI as I expect BNB will be used here somewhere allowing BNB holders to earn more BNB rewards in the process.
Binance is a business after all and this is a gift horse which you would never turn down as this will boost their BNB token or another token they will launch as the reserve. I have a feeling BNB will be used somehow as collateral and why I expect this to happen very quickly within the next month or two.
Once this happens there could be other exchanges looking for an alternative stable coin so this could be a new profitable business model that was never really planned for and is a bonus.