they take a loan to get stablecoins.
And then lend the stablecoins to get next day/week whatever.
Then retail FUDs and go "Hey Celsius. You know my BTC? I want it now."
Now, 1million retails come in and say the same due to panic.
Then Celsius has to unwind tons of loans in stablecoin/crypto whatever.
Ahhhh
At the rate celsius is unwinding or based on even just your gut feeling, how long do you think this whole mess is going to take?
Don’t know if this is pegged or stored anywhere, but it sure would be handy to have to the 10th, 11th and 12th time anyone comes up with the associated breed of FUD
No idea. We'll see this friday.
Whats special about this friday?
Cant be an AMA but it would be good to get some formal update, noting they r still probably dealing with hostile players. The scales for communication vs crisis management are delicately balanced. The longer no comms the heavier the crisis or perception of the crisis becomes. One would assume unwinding institutional loans would take several weeks at least - so while they may want to have these in the bag before major comms, the timing is difficult.
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