Nexo gave loans to Celsius. unsubstantiated runour? maybe. Just asking for confirmation. It is a well know fact Yellen Lagarde and the delightfully rotund Agustín Carstens want central banks to have absolute control over how money is spent. How this affects lending platforms like Nexo and Blockfi is up in the air. For now. If in fact Nexo loaned money to Celsius, things could become tricky very fast.
Whoever they loaned to, all is overcollateral so that mean no worry for Nexo
even loans with an abundance of collateral loans sometimes go sideways. Terra was a wake up call, others could be next
Look the % of collateral Nexo offer on coins, no worry automatically it liquidated before any risk, that why Nexo will always be #1, no risk, no bet on defi, no gambling with Customers fund, only professional stuff.
i have been around since pre ICO, so I am I guess a maximalist. You know how rumors start, I was just asking. I enjoy the yield, and have no intention of bailing, This news just got me worried. cheers
Nexo stated that they excited almost all defi positions. But defi is not bad perse. A crypto lender will slways use defi since it is a very effective technology light-years ahead of classical finance when used properly. They stated that they excited almost all defi positions. But defi is not bad perse. A crypto lender will slways use defi since it is a very effective technology light-years ahead of classical finance when used properly.
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