• Latest
  • Trending
Celsius Pays Off Maker Mortgage, Liberating Up $449 Million Of Collateral

Celsius Pays Off Maker Mortgage, Liberating Up $449 Million Of Collateral

August 21, 2022
Kia Morning 2024 was formally revealed, inflicting a fever with an especially cool element that made Wigo and Grand i10 “sneaky”

Kia Morning 2024 was formally revealed, inflicting a fever with an especially cool element that made Wigo and Grand i10 “sneaky”

June 5, 2023
The error numerous iPhone and Android customers make, placing financial institution accounts, private info in danger

The error numerous iPhone and Android customers make, placing financial institution accounts, private info in danger

June 5, 2023
Indicators your iPhone could also be being tracked, the 2nd most individuals encounter

Indicators your iPhone could also be being tracked, the 2nd most individuals encounter

June 5, 2023
Model new mannequin, extraordinarily ‘gentle’ value of Thailand makes Honda SH lovers shake their intentions

Model new mannequin, extraordinarily ‘gentle’ value of Thailand makes Honda SH lovers shake their intentions

June 5, 2023
Ignoring an important factor when elevating youngsters, mother and father remorse probably the most once they see their youngsters exhausted earlier than exams

Ignoring an important factor when elevating youngsters, mother and father remorse probably the most once they see their youngsters exhausted earlier than exams

June 4, 2023
The case of a 7-year-old boy who died whereas charging his telephone: How harmful is it to cost and use the telephone on the similar time?

The case of a 7-year-old boy who died whereas charging his telephone: How harmful is it to cost and use the telephone on the similar time?

June 4, 2023
Many universities are getting ready to extend tuition charges: Going through many worries

Many universities are getting ready to extend tuition charges: Going through many worries

June 4, 2023
Knowledgeable suggestions: Deleting 2 ‘pet’ apps on iPhone saves you 1/4 of battery life

Knowledgeable suggestions: Deleting 2 ‘pet’ apps on iPhone saves you 1/4 of battery life

June 4, 2023
2 ‘darling’ apps make many iPhone customers settle for sluggish units, draining the battery, and nonetheless do not miss deleting

2 ‘darling’ apps make many iPhone customers settle for sluggish units, draining the battery, and nonetheless do not miss deleting

June 3, 2023
Information: The brand new round on extending the auto registration cycle takes impact from June 3

Information: The brand new round on extending the auto registration cycle takes impact from June 3

June 3, 2023
Hanoi: Why has the speed of entering into many specialised excessive faculties abruptly elevated?

Hanoi: Why has the speed of entering into many specialised excessive faculties abruptly elevated?

June 2, 2023
The case of the daddy and son in Hai Phong sleeping within the automotive when the facility went out: What did the consultants say?

The case of the daddy and son in Hai Phong sleeping within the automotive when the facility went out: What did the consultants say?

June 2, 2023
VNNews
Monday, June 5, 2023
Subscription
Advertise
  • Home
  • Entertainment
  • Socity
  • Economy
  • Sport
  • Lifestyle
  • Electrical
  • Education
No Result
View All Result
VNNews
No Result
View All Result

Celsius Pays Off Maker Mortgage, Liberating Up $449 Million Of Collateral

August 21, 2022
in Economy

YOU MAY ALSO LIKE

Aave Group Accepts Balancer BPT As Collateral

Crypto Change Deribit Loses $28 Million In Sizzling Pockets Hack

The Celsius lending platform on the afternoon of July 7 closed an enormous mortgage on Maker and withdrew all collateral.
Celsius Pays Off Maker Loan, Freeing Up $449 Million Of Collateral

As reported by CoinCu, Celsius has since the start of July began paying off its loans on main DeFi platforms.

On July 7, this lending firm completed the return of $41.23 million of stablecoin DAI to Maker and closed the vault borrowing cash from this DeFi protocol. At its peak on the finish of June, the mortgage order on Maker amounted to 224 million DAI, collateralized by 23,962 WBTC, which is Bitcoin tokenized on Ethereum.

Celsius Pays Off Maker Loan, Freeing Up $449 Million Of Collateral
Celsius DAI mortgage vault transaction historical past on Maker. Supply: Oasis.app

With the debt compensation transfer, Celsius additionally withdrew 21,962 WBTC mortgaged for a mortgage order to a personal pockets. This quantity is price as much as $449 million on the time of writing. Along with the 2,000 WBTC beforehand withdrawn, the corporate additionally recovered all of its collateral WBTC.

Even so, Celsius continues to be maintaining a loan order of 88 million DAI, collateralized with almost $298 million of WBTC and UNI, on Compound; and a mortgage order of 169$ million USDC and DAI collateralized with over 650$ million stETH, WBTC, and plenty of different tokens.

Celsius Pays Off Maker Loan, Freeing Up $449 Million Of Collateral
Celsius loans on Aave as of July 7, 2022. Supply: Zapper
Celsius Pays Off Maker Loan, Freeing Up $449 Million Of Collateral
Celsius loans on Compound as of July 7, 2022. Supply: Zapper

Celsius loan orders have been the “large fear” of the crypto market on the finish of June due to the corporate’s state of affairs. If the mortgage orders are liquidated, a lot of tokens will proceed to be dumped, threatening to convey down each Bitcoin and Ethereum via the WBTC and stETH vaults.

It’s not clear what’s the motive behind the compensation motion, in addition to the corporate’s subsequent transfer after withdrawing the above collateral.

DISCLAIMER: The Info on this web site is supplied as common market commentary and doesn’t represent funding recommendation. We encourage you to do your individual analysis earlier than investing.

Be part of CoinCu Telegram to maintain observe of stories: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu Information

Supply: link

Tags: CelsiusCollateralFreeingLoanMAKERmillionPays
ShareTweetPin

Related Posts

Google Cloud Assist Solana Ecosystem Growth
Economy

Google Cloud Assist Solana Ecosystem Growth

December 30, 2022
Monkey Drainer Scammer Retains Stealing NFTs Price $800,000
Economy

Monkey Drainer Scammer Retains Stealing NFTs Price $800,000

December 29, 2022
Do Kwon Might Be In Europe, In accordance To Bloomberg
Economy

Do Kwon Might Be In Europe, In accordance To Bloomberg

December 29, 2022
Quantity Of Amicus Briefs In Ripple vs. SEC Case Went Up To 12
Economy

Quantity Of Amicus Briefs In Ripple vs. SEC Case Went Up To 12

December 28, 2022
Loopring Launched DDoS Assault Submit-Mortem
Economy

Loopring Launched DDoS Assault Submit-Mortem

December 28, 2022

Search

No Result
View All Result

© 2021 VN.News - Vietnam Online 24/7

Email us: [email protected]

  • About
  • Buddhismvn
  • Privacy & Policy
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Entertainment
  • Socity
  • Economy
  • Sport
  • Lifestyle
  • Electrical
  • Education

© 2021 VN.News - Vietnam Online 24/7