Celsius entire Business strategy is to generate yield for users

Question

Celsius entire Business strategy is to generate yield for users

deposits by providing liquidity to big institutions, investors and through DeFi. Relatively speaking, taking a BTC collateralized loan with LTV well below 50% and staking Ethereum are some of the safest plays within the crypto sphere. However criticism of their liquidity management are definitely legitimate.

Still, this is a coordinated attack from institutional players who are taking advantage of the transparancy of Celsius' positions.

Those bullies on FTX are getting away with that predatory behaviour, and that sickens me.

They are liquidating both Celsius, their customers and ordinary crypto individuals who have used their crypto for collaterized loans. This is not only an attack on Celsius, but an attack on the utility of BTCs as collateral, and theft by greedy institutions.

Does anybody know how to extract and/or track order book data from various exchanges? Would be a huge advantage if we could track the current levels of support by order volume. Also that would allow the Celsius/crypto community to coordinate a defence by placing BTC limit spot buy orders at certain levels and track the progress of the defences.

it ain't much Celsius, but I will do my part and place a limit BTC order in front of your liquidation price✊️💎

0

15.06.2022

6 ответов

21 просмотр

Jackie Chain Chain

I was saying it on yesterday’s AMA. Celsius community is YUGE. Why are we not taking advantage of it. Some guidance from people “in the know” would be crucial right now

0

15.06.2022

M H

It was definitely a co-ordinated attack but unfortunately that will always be the case. It's like survival of the fittest and natural selection due to the open nature of risk being help by parties on defi

0

15.06.2022

Cervus Elaphus Автор вопроса

The difference is that they are using TradeFi methods and manipulate markets by shorting on leverage and dumping on spot. Everything non-transparent too avoid repercussions.

0

15.06.2022

Cervus Elaphus Автор вопроса