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Celsius reaches the 100 000 BTC bag

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Written by   3
2 months ago

Celsius Network, the Centralized Lending platform, has just reached 100 000 BTC held in their wallets. That's an amazing achievement for what is my favorite lending platform, while it didn't even exist 3 years ago.

https://twitter.com/YieldLabs/status/1415047202003722243?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1415047202003722243%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.publish0x.com%2Fembed%2Ftwitter%2Ftweet%3Fid%3D1415047202003722243

 

Will the craze last ?

I am obviously not objective as Alex Mashinsky and its team have already fully convinced me to be faithful with their company. 

My opinion is that Celsius Network is solid like a rock. The features available keep improving, proof of this is the new Proof Of Community that the team has recently delivered. Indeed, and as always, Celsius isn't trying to hide anything from its clients and doesn't hesitate to show publicly any informations that could reassure them.

 

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Check out the last AMA made by Celsius

 

What's next for Celsius ?

Mashinsky is a man that has many beautiful ideas. We are all waiting for the interna swap with no fees but he keeps saying that it is pretty hard to deliver correctly, and Celsius always deliver good products and features, even though they often report their projects in order to satisfy their clients.

So the potential future projects are those :

  • The internal swap with 0 fees

  • The self-insurance

Even if Celsius is very secure, Alex Mashinsky has proposed to the users to register in an insurance. I explain. You would be able to earn less yield but the difference between the "normal rates" and the smaller one if you subscribed to the insurance will be stocked in a "backing wallet" if Celsius loses cryptos, even if it is not really probable to happen.

  • The possibility to earn any crypto with any assets

With this feature, you would be able to earn ETH by lending BTC, or to earn DOT bu lending CEL, etc ... In my opinion, that would be a real game-changer as I don't know any other platform where it is possible. And the possibility to earn BTC by lending USD would be really insane.

 

If you're still not using Celsius, you should. 

Join Celsius Network using my referral code 170880d247 when signing up and earn $40 in BTC with your first transfer of $400 or more! #UnbankYourself https://celsiusnetwork.app.link/170880d247

 

If you enjoyed reading please give a tip, follow me and put a like, thank you ! 

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