Celsius returns another $63 million to Maker protocol
The platform paid off part of its debt in native stablecoins DAI and wrapped bitcoins
![Celsius returns another $63 million to Maker protocol](https://storage.getblock.net/source/1/iMdQfgm60erz0xSmC0G-d8juitn_iPF_.webp)
06.07.2022 - 09:45
356
1 min
0
What’s new? On July 5, Celsius, a DeFi platform for lending and staking cryptocurrencies, repaid another $63 million to Maker protocol (DAI). The company paid part of the debt in native stablecoins DAI, as well as in 2000 wrapped bitcoins (wBTC). The liquidation value of wBTC is now at $2722. Celsius paid back a total of $183 million since June 1, with the remaining debt to Maker at $41 million. Celsius also owes $175 million and $100 million to Aave and Compound, respectively.
Celsius situation. On June 13, the platform froze customers’ funds to restore liquidity. The company later hired experts from Citigroup’s investment bank to find new sources of financing and lawyers from Akin Gump to conduct restructuring.
The FTX exchange refused to buy Celsius after finding a $2 billion discrepancy in its balance sheet. However, investment bank Goldman Sachs announced plans to raise a similar amount to buy back the platform’s assets.
Useful material?
Incidents
Scammers took advantage of the former US president’s recent announcement of a real DeFi protocol
Sep 4, 2024
Technologies
The upgrade is aimed at implementing a new decentralized project governance system
Sep 2, 2024
Incidents
The company placed $2б4 billion in bonds maturing in 2026, but their value has fallen dramatically since the entrepreneur’s arrest
Aug 30, 2024
Incidents
In both cases, depending on the outcome of the investigations, the messenger could be blocked
Aug 29, 2024
Market
The project will offer a decentralized alternative to traditional banking services
Aug 29, 2024
Trends
Within a week of its launch, the platform managed to overtake its main competitor, Pump.fun on the Solana network
Aug 28, 2024