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A detailed thread about the whole #Celsius #Network scenario. 🧵
Worth your time! ⌛️❣️
"@CelsiusNetwork Don't let people suffer. I request you!"
Worth your time! ⌛️❣️
"@CelsiusNetwork Don't let people suffer. I request you!"
Celsius operates just a #DeFi platform (unregulated bank) like any other where people can deposit their cryptos for some mouth watering returns. 🫶
Now you may wonder how Celsius is able to produce these returns to give you. They use your money to leverage into positions on other protocols. These leveraged positions are auto-cut at lose if & after a particular token dumps by certain % which increases the overall risk. 😶
