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16 Oct, 21 tweets, 5 min read
Another Friday means it’s time for another @CelsiusNetwork AMA with @Mashinsky and @Zach_HODL_ON!

Follow along live here:

or read below for the highlights 👇
And we’re live! Alex bringing out a new song this week…

Bye bye to bank!
Tag #celsiussuccessstories with your story to win yourself a fresh new “THE MACHINE” t-shirt!
New “security insight” on the homepage—looks good:
As they emailed out earlier this week—rates were updated, lower levels get more, platinum is higher requirements now and earns 5% less bonus interest
A “Why Trust Celsius?” page has been newly added to the website as well! Lots of good info there, especially for newcomers.
“I can promise you that by next year we’re going to have another one or two lines here full of licenses” - @Mashinsky 👀
Yesterday was an all-time high in net BTC deposits to Celsius—and a good portion of this can obviously be attributed to the new partnerships with LINE (BITMAX and BITFRONT) and Bitfinex
$UNI, $UMA, $MANA, and $SGR (replacement for $SAGA) are all going live next week in the Celsius app!

UNI was expected, but definitely excited about UMA as well! Great to see Celsius supporting more quality DeFi projects.

Wen $YFI? 👀
I paused the AMA too soon when writing the last tweet—another 4-6 new coins coming in the next few weeks after as well 😱 😱 😱
Just like Amazon growing out from just books to 300 million items on their website:

“We wanna do the same thing. Celsius is starting with the yield stuff, but the idea is to give you every financial product you will ever think about.”
🚨Promo code time!!!! 🚨

TREAT50: Get $50 when you take a loan

And the minimum for loans is down to $500 now! 🤑
Q about loans and how long they take— from personal experience, they’re super quick! In some places they’re instantly processed (based on regulations), and in others Celsius has to process them manually.

Celsius will also have loans opened back up in the UK next week!
What is counterparty risk? 🤔

Has to do with institutions trusting each other (assessing risk of interacting with other institutions).

Celsius mitigates this risk by asking for collateral on loans—even to institutions.
By working with high-quality borrowers, and securing collateral for loans, Celsius minimizes risk.

Realistically, Celsius’ business is risk management.

Pursuing the highest risk-adjusted yield—sound familiar to anyone? Maybe @AndreCronjeTech and @iearnfinance?
Tons of new merchandise in the shop as well— shop.celsius.network!
Flare’s SPARK token will definitely be added to the wallet in the future—and Celsius will also see if they can generate yield on it as well.
Asked about a possible listing with Bitfinex:

“We’re working on that…we’re waiting for them to tell us when that is happening.” 👀 👀 👀

So sounds like it’s not a matter of IF, but WHEN! 😱
CelSwap

This is NOT an official project from Celsius—it’s a community-based project that Celsius may be committing liquidity to. Celsius will also be auditing it themselves to make sure it’s safe.

Looking forward to it!
Celsius plans to support government-issued digital currencies—they don’t choose winners and losers.

It’s all about generating yield and producing benefits for the community.

“We support 35, soon it’s gonna be 40…we may have 2,000 assets in a few years from now”
And that’s all for this week! Have a good weekend, everyone.

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More from @Dudesahn

5 Oct
It’s hard to believe how much has happened in the past week. As I was working on Yearn’s newsletter for this week– I was reminded that we all heard of EMN for the first time less than a week ago. Since it’s been a few days, I’ve had some time to think about it. A thread:
The first thing that came to mind is that an event like this is exactly the kind of shit @AndreCronjeTech has always been afraid of. He’s talked about this in almost every interview he’s given– it’s why he says “I test in prod”, it’s why he stopped publishing APY for the vaults,
and it’s why he didn’t want to share that his code was audited. When people stop evaluating contracts on their own or evaluating risk and abdicate their own responsibility for their funds– that’s when things can get dangerous and bad things can happen.
Read 12 tweets
2 Oct
Another Friday, another @CelsiusNetwork AMA with @Mashinsky!

Tune in here: and I’ll be chiming in below with the highlights

CelSwap? PoC? AAVE/LEND and UNI in the app? We’ll see…
ETH rates going even higher? 🤔 Image
Happy birthday Alex! Rewarding us with Celsius’ own version of the Apprentice…

And Alex actually seems serious about it 👀

Have to be in NYC or willing to relocate tho 😢
Read 20 tweets
18 Sep
It’s Friday, which means it’s time for another @CelsiusNetwork AMA with @Mashinsky!

Tune in here at:

And if you can’t watch– follow along below for all the high notes– as well as some hot takes and commentary from yours truly.
I’ll be posting a thread here, but also commenting here with all of them as well:

ETH rates going up once again! 8.77% if you’re platinum and earning in CEL– how high can these rates go?!?! 6.5% if you're earning in-kind 😱 😱 😱
Read 22 tweets
11 Sep
@BuyTheDipz @Mashinsky @Zach_HODL_ON Glad to be here for another great AMA!
@BuyTheDipz @Mashinsky @Zach_HODL_ON On today– September 11th, in 2000– Alex tragically lost a close friend. That day, there were also thousands of people were trapped in the subway– and this helped Alex realize he wanted to bring cell phone service to the subway so the same situation would never happen again.
@BuyTheDipz @Mashinsky @Zach_HODL_ON This ultimately led to the formation of one of his business, Transit Wireless (en.wikipedia.org/wiki/Transit_W…)
Read 25 tweets
4 Sep
And we're live! @CelsiusNetwork Weekly AMA– September 4, 2020 ():

A thread
“Markets do not only go in one direction”– wise words from @Mashinsky.
To build on that– OCC news allowing banks to custody crypto is still big news, and an executive from Coinbase moved to US the Treasury department. These moves are good news for crypto!
Read 30 tweets
28 Aug
And we're live! @CelsiusNetwork
Weekly AMA– August 28, 2020 ():
featuring @Zach_HODL_ON and @Mashinsky

A thread
Starting off with some Celsius music to get you in the interest-earning mood

leftyhooks.bandcamp.com/track/celsius-…
Once again, Alex reminding us to get into assets non-correlated to the US dollar as more money printing occurs
Read 32 tweets

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