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The Coin Rise 2022-07-05 07:19:39

Celsius Network pays off $120M debt to Maker protocol

In three transactions over the past day, Celsius Network paid off $120 million of its debt to the Ethereum-based DeFi lending protocol Maker. Notably, the lending platform, which is facing a serious liquidity problem, had borrowed hundreds of millions from Maker using wrapped Bitcoin (WBTC) as collateral. By reducing its Maker debt, Celsius Network has reduced […]The post Celsius Network pays off $120M debt to Maker protocol appeared first on Blockchain, Crypto and Stock News.

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