Josh Meah ๐Ÿ‡บ๐Ÿ‡ฆ ๐Ÿ‡บ๐Ÿ‡ธ #btc Profile picture
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May 16, 2022 โ€ข 15 tweets โ€ข 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 doesnโ€™t matter.

1/15 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 โ€” not a valuation one.

Thus, users receive a stable amount as yield because the yield contract is stable.

2/15