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How Crypto Lender Celsius Overheated

by BitScoop
June 20, 2022
in Bitcoin
Reading Time: 1 min read
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“On the one hand, there may be sensible contract danger, there may be protocol danger,” stated Alex Thorn, head of firmwide analysis at Galaxy Digital, a crypto funding financial institution. “Additionally, lending in DeFi exposes you considerably to risky market strikes, whereas lending to a creditworthy institutional borrower is considerably totally different. [The risk] isn’t the identical as counting on crypto market costs to maintain or develop.”



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