🌡(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?)
(4/4) What Else?
Cryptocurrency lending platform Nexo expressed interest in buying certain assets from rival Celsius.
In a letter to Celsius
(Reference : drive.google.com/file/d/1PlxlCK… ) Monday, Nexo said it was particularly interested in Celsius’s collateralized loan portfolio.
Cryptocurrency lending platform Nexo expressed interest in buying certain assets from rival Celsius.
In a letter to Celsius
(Reference : drive.google.com/file/d/1PlxlCK… ) Monday, Nexo said it was particularly interested in Celsius’s collateralized loan portfolio.
(5/4) Thoughts?
Honestly, don't know what to say!
Still potentially a far way away from decentralized utopia.
If you are GMI, follow @meta_start and RT for good karma #hugs and #kisses #metastart
Remember frens,
NOT YOUR KEYS 🔑, NOT YOUR CRYPTO 💰
Honestly, don't know what to say!
Still potentially a far way away from decentralized utopia.
If you are GMI, follow @meta_start and RT for good karma #hugs and #kisses #metastart
Remember frens,
NOT YOUR KEYS 🔑, NOT YOUR CRYPTO 💰
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