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Celsius (CEL): HOTTEST Crypto Lending Platform? 🔥

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0:00 Intro
1:59 What’s Celsius?
6:13 Too Good To Be True?
9:28 Is Celsius Secure?
13:34 Celsius Management
15:42 CEL Tokenomics
18:22 Conclusion


⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️

► Celsius enterprise mannequin:
► What’s securities lending:
► What’s rehypothecation:
► Securities lending dangers:
► No Celsius institutional liquidations:
► Blockfi knowledge breach:
► Alex Mashinsky observe document:
► Celsius fairness fund increase:
► Tether invests $10M in Celsius:


❓What Is Celsius ❓

In a nutshell, it’s a centralized crypto lending platform that allows you to earn curiosity, take out a crypto mortgage and pay or be paid in crypto. That’s all accomplished through the Celsius app.

That begs the query, how a lot curiosity are you able to earn? Effectively, charges are as excessive at 22.4% and 15.8% for stablecoins. Evaluate that to the speed you get at a financial institution and also you’ll perceive why so many individuals are flocking over to Celsius to place their funds to work.

Nevertheless, to get that high rate of interest you’ll need to get a fee enhance from the Celsius reward program. To get that high fee you’ll want to carry over 15% of your steadiness in CEL tokens. The fascinating factor about this VIP program is that it isn’t based mostly on the quantity of CEL you maintain and solely the ratio. That implies that anybody can get that enhanced fee of curiosity!

Reward program perks additionally imply that debtors can get a reduction of as much as 30% on borrowing charges.

In the case of crypto loans, Celsius has a reasonably cheap $1,000 minimal mortgage and you may select from a wide range of LTV’s. With a LTV of 25% over a 6 month time period, you’ll pay simply 1% in curiosity. That rate of interest could be slashed to only 0.7% if you happen to pay in CEL.

So, how widespread is Celsius? Effectively listed below are some stats:

► $8.2 billion loans processed
► 176K customers
► $1.1 billion in group property

🤔 Too Good To Be True? 🤔

Celsius rates of interest are rattling excessive. So how are they doing it?

Effectively, they declare to take the crypto deposited and lend it out to establishments and provides the group 80% of these proceeds again as curiosity. The flamboyant time period for that’s known as rehypothecation.

Watch my video to study extra about that!

🔒 Is Celsius Secure? 🔒

What Celsius is successfully doing is securities lending. That’s really one the the most secure companies on Wall Avenue. That’s as a result of loans are made with collateral.

The principle purpose why establishments like exchanges would need these kind of loans is that they’re greenback denominated – that means they’ve {dollars}, however they commerce in Bitcoin they usually don’t need to tackle the volatility threat of Bitcoin going up or down.

Celsius was stress examined on the twelfth of March 2020 when BTC fell from $7.4k to $4.2k inside 24 hours. Apparently not a single establishment was liquidated.

👨 Celsius Management 👨

Celsius co-founder Alex Mashinsky has based two of NYC’s high 10 greatest venture-backed exits for the reason that yr 2000. So, this man is aware of construct billion greenback valuations.

💰 CEL Tokenomics 💰

Watch my video to get my ideas on the tokenomics of CEL.


📜 Disclaimer 📜

The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who just isn’t a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable threat of loss. The speaker doesn’t assure any specific end result.

#celcius #CEL #crypto #lending #bitcoin #blockchain

Source: Coin Bureau

31 Responses

  1. Wow. Went to open a Celsius account and the app is atrocious when trying to sign up, immediately locked out and reviews from the past couple weeks saying similar problems across the board

  2. Well… Something is wrong here. I take a loan for 1% and the put that money to get a ~9% interest? Cool! Neverending money generation for me… But how this can be a business for celsius?…

  3. I have a bunch of BTC, ETH, and LTC sitting in cold storage. I think I’ll put half into Celsius and start earning some interest. Hopefully they will pay out the lenders if they are ever hacked… that part makes me nervous

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