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The business model of Celsius was loan USD to people and earn interest. The loans were overcollateralised with the users Bitcoin. The problem is Celsius wasn’
by CTDOCodebases 4y ago
The business model of Celsius was loan USD to people and earn interest.
The loans were overcollateralised with the users Bitcoin.
The problem is Celsius wasn’t content with just earning interest from loaning money so they invested their users Bitcoin in crypto projects that ended up going pear shaped.