From X Spaces to showcasing COTI V2 key use cases, and Djed’s ratio exceeding 800%, a lot has been happening here at COTI, and we’re excited to share a recap of our recent activities. You can stay informed about our latest developments by following your preferred channels, where we provide all the latest news and updates.
Let’s dive in.
COTI V2
We recently shared that we’ve achieved a breakthrough in blockchain encryption to be used on the blockchain for the very first time. This is the first of many proof of concepts in our endeavor to put Garbling Circuits on the blockchain. If you haven’t watched it yet, check out this demo performed by Dr. Avishay Yanai, CEO of Soda Labs, where he successfully demonstrates how private transactions will work on COTI V2:
<a href="https://medium.com/media/9d588bffd3c2a1e8635299b7f330f3bb/href">https://medium.com/media/9d588bffd3c2a1e8635299b7f330f3bb/href</a>
We also recently announced our upcoming Devnet and key target use cases for the growth fund, currently valued at almost $80 million. These use cases include confidential DeFi, confidential transactions for payments, stablecoins and RWA, confidential machine learning (introducing GCML) and on-chain sensitive data management and dynamic decentralized identification (DID).
COTI’s Airdrop Campaign Poll Results
In anticipation of the upcoming COTI V2 airdrop campaign, we’ve conducted a poll in which we asked you to share the duration for which you would lock your deposit. We were amazed by our strong community, with 35% of you indicating that you plan to lock your deposit for 365 days or more. Check out Shahaf Bar-Geffen’s thread to see the full results: https://twitter.com/shahafbg/status/1765737410027999285
gCOTI as Treasury Rewards
As of February 21, Treasury participants started receiving gCOTI rewards in addition to the standard $COTI rewards. Unlike $COTI rewards that are actively required to be claimed, accumulated gCOTI rewards are distributed directly to users’ wallets on a weekly basis.
Djed
For all our new community members unfamiliar with it, DJED is an overcollateralized stablecoin on Cardano that uses ADA as collateral to ensure stability. The protocol is backed by 400–800% overcollateralization, provided by its reserve coin, SHEN. In the past few days, Djed’s protocol ratio has exceeded over 800%, making it impossible to mint more SHEN until the ratio returns to 400–800%. SHEN holders enjoy a variety of rewards including a share of both mint and burn fees, delegation rewards, as well as DEXs APRs. SHEN delegation rewards were distributed up to epoch 467, with over 485K ADA distributed to SHEN holders thus far.
COTI in the Spotlight
Last Monday, Shahaf Bar-Geffen and Dr. Avishai Yanai engaged in an interesting conversation on X Spaces, attracting almost 8K listeners until today! They discussed how garbled circuits work and shared some interesting overview on garbled circuits’s use cases such as DID, confidential transactions, and confidential machine learning. If you haven’t listened yet, tune in here- https://x.com/i/spaces/1mrGmyWazkgGy
We’ve been also seeing mentions of COTI all around the web, and here are some of the highlights:
https://twitter.com/Crypto_Dep/status/1755575905219469640/photo/1
https://twitter.com/lunarcrush/status/1755720181677183373?s=52
COTI Unveils New Blockchain Encryption Paradigm With Garbled Circuits - The Defiant
COTI Announces Upcoming ETH L2 Developer Network and Key Target Use Cases For its $100M Worth Growth Fund - Decrypt
COTI’s Community is growing!
We’ve been seeing a lot of new community members joining the ecosystem, with thousands of new followers and members entering our channels. This is a great opportunity to welcome all of you. Glad you’ve joined our journey, thanks for supporting us!
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/
X: https://twitter.com/COTInetwork
YouTube: https://www.youtube.com/channel/UCl-2YzhaPnouvBtotKuM4DA
Telegram: https://t.me/COTInetwork
Discord: https://discord.gg/9tq6CP6XrT
GitHub: https://github.com/coti-io
COTI Roundup was originally published in COTI on Medium, where people are continuing the conversation by highlighting and responding to this story.
