So what happens when they open up withdrawals and then

Question

Celsius Community

K Moe

So what happens when they open up withdrawals and then

Everyone pulls liquidity?

0

16.06.2022

20 ответов

14 просмотров

Cervus Elaphus

Celsius clients have given Celsius their crypto tokens to earn them yield, those tokens are loaned, collaterized, staked etc. It will take time to unwind such amounts of capital. Celsius clients need to realize this and understand that is how the yields are generated. Would imagine Celsius allows withdrawals up to a certain threshold so It is matched with the unwinding on the asset side.

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16.06.2022

Rob R

So many questions to add: will “everyone” withdraw liquidity? Will Celsius have reestablished customer trust in the coming weeks? At the rates suggested by Finblox it would take me at least 20+ years to withdraw my funds so again - will I bother? Will they have boosted their reserves so that people can safely remove the maximum allowed? One simple question leads to many more. Chin up, do what we can, wait for news. Rinse and repeat

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16.06.2022

Dirk

Cervus Elaphus
Celsius clients have given Celsius their crypto to...

Celsius clients need to hear that their coins still exist and they have control over them 4 or 5 days later and nothing from them to that point.

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16.06.2022

Shinua

Dirk
Celsius clients need to hear that their coins stil...

just imagine alex cmoes toomorrow with an audit. “hey everyone i can confirm that we have enough assets to cover everyones deposit” we will all sleep good tomorrow nightt and have fun oon the weekend

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16.06.2022

rex

Cervus Elaphus
Celsius clients have given Celsius their crypto to...

I get that and its true but why is CEL tokens locked! They can dump on market but we cant touch ours! Don't see fair to me!

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16.06.2022

Dirk

Rob R
So many questions to add: will “everyone” withdraw...

Finblox must have a relatively modest aum Still that is such a low withdrawable amount, users with 100k+ will die old before they get it back

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16.06.2022

Cervus Elaphus

Dirk
Celsius clients need to hear that their coins stil...

They exists, you can see them onchain full transparancy, e.g. the BTC collateralized loan and the stEth position, that is YOUR coins in danger of getting liquidated because of the predatory behaviour taking place.

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16.06.2022

Shinua

Cervus Elaphus
They exists, you can see them onchain full transpa...

thats just their defi positions, we know nothing of their loanbook, their exchange balances, their cash, or other assets (like value of BTC mining operation)

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16.06.2022

Cervus Elaphus

Shinua
thats just their defi positions, we know nothing o...

True

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16.06.2022

Dirk

Shinua
just imagine alex cmoes toomorrow with an audit. “...

That would be great When we deposit coins, we are prepared for them to tank in price, but we expect that they still exist and are deployed somewhere 😐 Don't think we truly imagined they were being gambled

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16.06.2022

Dirk

Cervus Elaphus
They exists, you can see them onchain full transpa...

Right But the on chain data is only a small fraction of use assets, isn't it?

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16.06.2022

Rob R

Where does the yield come from to pay our interest? By sitting on a chain or by being invested (or as you put it, gambled)?

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16.06.2022

Kira Coinzilla

Dirk
Celsius clients need to hear that their coins stil...

I just want to hear “funds are safe”

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16.06.2022

Mike M

Rob R
Where does the yield come from to pay our interest...

It’s just numbers on a screen till you can withdrawl lol

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16.06.2022

Asher

Rob R
Where does the yield come from to pay our interest...

So many AMA’s answered this

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16.06.2022

Dirk

Rob R
Where does the yield come from to pay our interest...

When we got into Celsius, it was mostly borrow and lending We slowly began to learn about all the defi activity

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16.06.2022

Zlem

Dirk
Celsius clients need to hear that their coins stil...

I agree, by the time pass it doesn’t look good. I am trying to be positive but I am so frustrated

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16.06.2022

Rob R

Asher
So many AMA’s answered this

I was making a rhetorical point - we expect a yield, we should expect our coins to be “used” in some way.

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16.06.2022

Shinua

they stagger withdrawals. withdrawal limits. or they more or less draw down operations, gather everyones coins, tell everyoone “have at it” and shut down. who knows what willl happen.

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16.06.2022

Zlem · Accepted Answer

Zlem

I am wondering the same thing

0

16.06.2022

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