How Crypto Lender Celsius Overheated

How Crypto Lender Celsius Overheated


“On the one hand, there is smart contract risk, there is protocol risk,” said Alex Thorn, head of firmwide research at Galaxy Digital, a crypto investment bank. “Also, lending in DeFi exposes you significantly to volatile market moves, whereas lending to a creditworthy institutional borrower is significantly different. [The risk] isn’t the same as relying on crypto market prices to sustain or grow.”

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