Celsius seem to use this wallet as an onramp from FTX with Tether originating from here that was then converted to DAI and used to bolster positions; etherscan.io/address/0x845c…
(good one to track)
6/10
There's a lot happening on-chain right now across Celsius' wallets.
Secondary wallets such as this: etherscan.io/address/0xdbf5… are interesting to observe also since many ERC20s are flying in and out as Celsius aim to bolster collateralized positions and work out total assets.
7/10
IMO a lots of uncertainty right now around the overwhelmingly large amt of stETH Celsius owns proportional to the Curve pool size.
I think many people are awaiting for information wrt the stETH to increase confidence levels before ppl but risk back on.
8/10
@zhusu & @KyleLDavies definitely not helping in this regard with their stETH dumping
Meanwhile in @CelsiusNetwork's stETH wallet, they're moving in 12.3k Ether.
I'd imagine this will be used to top up their @AaveAave collateral to increase their health factor to reduce the probability of liquidation in the near term. @HsakaTradesetherscan.io/address/0x8ace…