In the past 24 hours, Celsius (CEL) has repaid $120 million in debt to its lending platform Maker. The debt settlement in three transactions brought Celsius’ liquidation price on Bitcoin below $5,000.
already in the midst of a serious liquidation crisis. Celsiuslending platform in recent months maker over WBTC He had borrowed hundreds of millions of dollars as collateral. In decentralized finance, liquidations occur when users are unable to pay their debts on time, and protocols automatically sell their secured assets.
In total yesterday 120 million dollars Thanks to 3 debt payment transfers worth liquidation price 4,966 fell to the dollar level. pertaining to Celsius WBTC-A chassis 25977now low risk rated as.
Celsius, although the risk seems to have passed, the firm still $82 million to Maker, $100 million to Compound and $175 million to Aave is in debt.
Despite the crises experienced within the platform, the CEL token has shown rapid rises in the past weeks. CEL in the last 14 days 80.5%if in the last 7 days 15% showed growth.