3 ms·
You lend Celsius some coins. In return they promise to pay you some % of interest. Celsius takes those coins and sticks them in another lending system that pays
by UncleMeat 4y ago
You lend Celsius some coins. In return they promise to pay you some % of interest. Celsius takes those coins and sticks them in another lending system that pays them a higher % of interest. The other lending system collapses and cannot return the coins because of an exploit. Celsius customers demand their coins back and Celsius cannot return them.
- TomGullen 4y ago> The other lending system collapses and cannot return the coins because of an exploit And also because the entire business model is completely unsustainable, preying on peoples greed.
- warkdarrior 4y agoOh, those poor, distressed, miserable greedy people!