What are you talking about? Nexo and Celsius are centralized. There are no blockchain contracts. When you sign up with Celsius, you transfer ownership of all y

What are you talking about? Nexo and Celsius are centralized. There are no blockchain contracts. When you sign up with Celsius, you transfer ownership of all your crypto to them. If they went bust, it is their asset and their bond holders get it. In return you get a promise of interest, payable at moment you ask to withdraw. But there’s no blockchain contract. 1. They buy your crypto outright 2. They gamble it in the markets (their secured debt issuance documents lists greyscale, osprey and some stock warrants on a failing biotech company as their assets. And one crypto tech firm, forget the name) 3. You hope they don’t go bellyup and will give back the crypto if you ask for it. No blockchain contract, total centralization