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May 16, 2022 • 15 tweets • 11 min read
The reason @CelsiusNetwork is not at risk is that they are responsible for #crypto commodities not valuations. They provide liquidity to markets in the form of a commodity.
The value of the commodity decreasing doesn’t matter.
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In fact, outside of #Luna and its #UST pair, the underlying commodity #CelsiusNetwork has is still the same.
And the yield it provides is a commodity relationship — not a valuation one.
Thus, users receive a stable amount as yield because the yield contract is stable.
