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Hey, why did Celsius take out a massive loan against

$100M worth of CEL? Seems super shady.

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They own quite a lot of CEL, so maybe it makes sense to use that as collateral, take a a loan in a coin where they can earn with that easier than with the CEL

Where did you see this

1) Do you have proof of this? 2) how is this shady? 3) If they did, it is to earn yield

I thought that was the plan, so they can earn with it.

?

To earn yield? How do you think they are earning yield on CEL? Lol

CAKE 🥞- Автор вопроса
Peter
To earn yield? How do you think they are earning y...

Thanks for answers 12 hours late after 10 people already clarified 😂

People live in different timezones.

CAKE 🥞- Автор вопроса
Peter
People live in different timezones.

I mean then look and see that people already answered...

CAKE 🥞
I mean then look and see that people already answe...

No, not really. I want to say my opinion, so I will.

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