Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize

Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize

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The troubled crypto lender Celsius paid down a $258 million debt on the decentralized lending protocols Aave and Compound – possibly in an attempt to reclaim collateral it had posted as guarantees. A day earlier, Celsius used a debt-paydown to reclaim collateral on the Maker protocol.

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