That's what I meant by different scale; not in terms of total valuation. Their celsius bucks clearly do not carry the backing of taxation, land, government, or

That's what I meant by different scale; not in terms of total valuation. Their celsius bucks clearly do not carry the backing of taxation, land, government, or military. I believe Celsius was lending out staked crypto and paying in their Celsius tokens as a form of "interest" though its unclear what if anything was backing the Celsius token (or if new tokens were simply minted). The leant stake crypto paid interest and they then used 20% of the returns to fund their R&D and 80% to pay back stake owners. It seems if you accepted Celsius tokens rather than other denominations the payout would be higher. It's not clear what caused their bankruptcy though; I can only imagine that they had counterparty risk in the people they had leant their tokens to.