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Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize

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Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize

The troubled crypto lender Celsius started to make good on the $258 million debt on the decentralized lending protocols Aave and Compound – possibly in an attempt to reclaim collateral it had posted as guarantees. The transactions come just a day after Celsius used a debt-paydown to reclaim collateral on Maker.

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Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize

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Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize

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Unlocking the Power of Knowledge
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