What Crypto Lender Celsius Isn’t Telling Its Depositors
Like all lending, the crypto kind carries risk. Celsius may be taking more of it than depositors, who have loaned it more than $1 billion, fully realize.
DeFi credit market Aave has pulled ahead of stablecoin mint MakerDAO for the title of most collateral staked on Ethereum, according to DeFiPulse.
BlockFi, a major player in the crypto-lending sector, has now raised nearly $100 million in the past 12 months.
CF Benchmarks will now update prices on crypto deposits at BlockFi every second, allowing the lender to hedge against sudden market moves.
Crypto payments startup Wyre is offering white-labeled savings accounts that dole out interest on crypto, the company announced Friday.
Genesis’ crypto lending arm came back strong in 2Q after a rocky 1Q. Separately, executives acknowledged the firm makes some uncollateralized loans.