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– TIMESTAMPS –
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
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⛓️ 🔗 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:
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❓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.
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📜 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
Glad you guys are liking the vid! It seems that Celsius is quite a popular platform amoung its users 😁. I can see why. If you guys want to keep up to date with my latest thoughts on the market, don't forget to pop into my Telegram channel: https://t.me/cbinsider
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Excellent stuff.
Once again, fantastic content. Thank you.
Celsius is no longer available to people in the UK 🙁 !!
Q. ARE THE LOYALTY PAYMENTS ONLY IN CEL.
it doesn't work in Germany. Any expirience with one which is working here in Germany?
If u think I deserve a socially distanced pat on the back… Hit the like 😂😂😂
You def deserve it…LIKED!!!
Are you still good on Celsius, young chap? Thanks in advance, mate.
Would be great to get an update on Celcius for UK hodlers
If REITs can survive and prosper while giving back 90% of their income to investors though dividends, I absolutely see no problem with cryptobanks surviving while giving back 80%. Good video.
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
So it’s like a crypto credit union? 😂
I guess I am out of luck – I live in the USA and no I am not going to hide behind a VPN.
Nice one Guy
It’s a shame they don’t want Brits
UUUUGGGGHHHH
if you are new member in celsius network here is a bonus code : 149692bb24
celsius is the fucking future.
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?…
Which is better, Celsius or Curve?
so how to Celcius get to me if I dont pay back?
Hey !!! This app doesnt show up on the app store? Why?
Celsius just got a web interface. I couldn't use an app for trading. I am moving from BlockFi and Coinbase Pro, and I like Celsius better than both of them.
6:19 – Guy is a Slytherin confirmed.
Rehypothecation = And its Gone!
much lower rates for the US 🙁
Im buying and hodling celsius bcos I believe in Alex leadership. Im very impressed with this guy.
Absolutely love the reviews you do. Information is amazing and the delivery flawless
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
Would I still get the high interest returns on the crypto that I put up as collateral when I take out a loan against it. Or does the interest earning stop on the collateral during the term of the loan ?