the open market?
Does it help to push up the prices
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
no it will not be bad, because they do conversion on price on friday prices.
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
No they buy with profits from the lending business
Yep only has to hit their liquidation price for a sec
Yep & once they’re toast , we can adjust rewards etc
But the business is f*#ked at the moment - don’t want to put more strain on it
That is the price, not the rewards, so that is not bad.
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
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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