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🌡(1/4) WTF is celsius? a 🧵
Think of it like a crypto bank which allows you to borrow against your crypto holdings, and w/ APR upto 18 % which further allows them to earn interest on their deposits. It has a user base of 1.7 million users with worth of USD 12 billion.#Celsius
Think of it like a crypto bank which allows you to borrow against your crypto holdings, and w/ APR upto 18 % which further allows them to earn interest on their deposits. It has a user base of 1.7 million users with worth of USD 12 billion.#Celsius
(2/4)WTF's the controversy ? 😮
According to an official report from celsius they've stopped all transfers,swaps and transaction on their platform due to “extreme market conditions”, further adding that the users will continue to get their rewards during the pause.(scary times??)
According to an official report from celsius they've stopped all transfers,swaps and transaction on their platform due to “extreme market conditions”, further adding that the users will continue to get their rewards during the pause.(scary times??)
(3/4)Why are eyebrows raised? 🤨
Celsius reportedly transferred $320,000,000 worth of crypto to FTX, before announcing they would halt all trading and withdrawals on the platform.
(WTAF homies, GMI or NGMI?)
Celsius reportedly transferred $320,000,000 worth of crypto to FTX, before announcing they would halt all trading and withdrawals on the platform.
(WTAF homies, GMI or NGMI?)
