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If we earn in CEL Does Celsius need to buy in

the open market?
Does it help to push up the prices

14 ответов

22 просмотра

Yes

They have a large treasury

Hell Yes .. 👍🏽

But this will be bad for Celsius the company if they have to buy Cel at exorbitant prices

They have huge treasury and I took platform reopens there are no redemptions needed to pay us

Paul C
But this will be bad for Celsius the company if th...

no it will not be bad, because they do conversion on price on friday prices.

Al MicMac
They have huge treasury and I took platform reopen...

It’s just digits added to wallets, they know we’re fighting back to support . Can’t be coincidence so many switching to CEL rewards at once

Paul C
But this will be bad for Celsius the company if th...

No they buy with profits from the lending business

Kryztoval
no it will not be bad, because they do conversion ...

Yep only has to hit their liquidation price for a sec

33 RIP
Yep only has to hit their liquidation price for a ...

Yep & once they’re toast , we can adjust rewards etc

T M
No they buy with profits from the lending business

But the business is f*#ked at the moment - don’t want to put more strain on it

33 RIP
Yep only has to hit their liquidation price for a ...

That is the price, not the rewards, so that is not bad.

Paul C
But the business is f*#ked at the moment - don’t w...

We won’t. Withdrawals are locked to maximise liquidity … we don’t want them having to pay us in Eth which has depegged from StETH or in wBTC which is needed elsewhere. Hence earn in CEL is safest

Paul C
But this will be bad for Celsius the company if th...

no, Celsius market buys from exchanges regardless of cel price. the price increase of the Cel token is better than them buying less every week due to price increase because they hold the majority of the asset in the Treasury

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