🚨 For anyone with an open loan, read this and

Question

Celsius Community

Alejo Z

🚨 For anyone with an open loan, read this and

maybe consider doing the same:
https://twitter.com/avi_eisen/status/1547974496979603456?t=M9FmBrr86UZaavCbGzaRMg&s=19

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15.07.2022

18 ответов

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Alejo Z Автор вопроса

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15.07.2022

Alejo Z Автор вопроса

@rrrrr3t

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15.07.2022

Kristian

They definetly should not pause liquidation of undercollateralized loans. That would just make the deficit greater and cause more losses to depositors.

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15.07.2022

Alejo Z Автор вопроса

Kristian
They definetly should not pause liquidation of und...

I get that but imaging having to deposit more funds is a bankrupt company, when there is not even a plan in sight.

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15.07.2022

Matt

Alejo Z
I get that but imaging having to deposit more fund...

I’ve had no choice like I put a small amount of USDC in today actually just to cover the bare minimum of my interest payments

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15.07.2022

Kristian

Alejo Z
I get that but imaging having to deposit more fund...

Just don’t do that.

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15.07.2022

Christopher

It's a personal decision each person will have to make.

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15.07.2022

Alejo Z Автор вопроса

Christopher
It's a personal decision each person will have to ...

Yep.

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15.07.2022

Alejo Z Автор вопроса

Alejo Z

👆

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16.07.2022

Liam

I think so. If Celcius is operating without stopping the lending business, the customer thinks that the borrowed money should be repaid and the collateral (eg btc) returned to the address of another exchange.

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16.07.2022

Alejo Z Автор вопроса

Liam
I think so. If Celcius is operating without stopp...

Why "returned to the address of another exchange"? Celsius never operated that way. The remaining collateral goes to the Earn or Custody account.

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16.07.2022

Liam

Alejo Z
Why "returned to the address of another exchange"?...

Think about the meaning of collateral

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16.07.2022

Game of thrones

Alejo Z
Why "returned to the address of another exchange"?...

Can you extend your loan?

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16.07.2022

Alejo Z Автор вопроса

Game of thrones
Can you extend your loan?

Not in the app. Tomorrow I'll send an email to explore that.

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16.07.2022

Game of thrones

Alejo Z
Not in the app. Tomorrow I'll send an email to exp...

Ok , thanks to give us the update

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16.07.2022

Samoan Kipto

Game of thrones
Can you extend your loan?

16. Can I refinance my loan? You may be eligible for refinancing. Please direct your inquiry to loans@celsius.network. https://blog.celsius.network/updated-faq-a7b03e0caeaa

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16.07.2022

Maximus

Game of thrones
Can you extend your loan?

Some loans are eligible to do so. But you have to contact them and it's subject to their approval. It's basically going to be a refinance that you do.

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16.07.2022

Jay · Accepted Answer

Jay

“Once Celsius returns to business as usual…” Who’s going to tell him?

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15.07.2022

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