?
can you tell how you handle the market condition
Unlike Celsius, Nexo has: 1- A sustainable business model based on overcollateralisation & 15 years of FinTech experience. 2- Real-time attestation of reserves (Armanino) that cover more than 100% of customer obligations. 3- Minimal exposure to DeFi & excellent risk management.
it is this third point that is unpredictable, so personally I would like nexo to be clear about its investments, at least towards its depositaries.
read their audit
sorry but this has nothing to do with
Weeks ago, I saw on BlockAnalitica that Nexo closed all their leveraged StETH positions (i.e., repayed the loans). The only one I see they left open is about $9M worth of $WBTC with a liquidation price of ~$2.6k (which is obviously very low risk).
yeah it is exactly what i want said, audit do not track the nexo activity just the the funds on blockchain, so so either you investigate on your own or you trust, like you do.
yes it is
Yes?
You can check yourself from BlockAnalitica. They literally show Nexo's wallet.
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