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This news comes after Celcius had paused all withdrawals, swaps, and transfers<\/a> due to \"extreme market conditions.\" Following the news of their debt repayments, the Celcius token had risen % from $0.87 to a high of $1.08, where it is now trading at $0.97.<\/li><\/ul>\n\n\n
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Celcius Repays $120M In Debt To Safeguard Against Its Liquidation

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Although Celcius has paid off some of its debt, it still owes<\/a> $82 million to Maker along with $175 million to Aave and an additional $100 million to Compound meaning Celcius is still over US$357 million in debt.<\/li><\/ul>\n\n\n\n
- This news comes after Celcius had paused all withdrawals, swaps, and transfers<\/a> due to \"extreme market conditions.\" Following the news of their debt repayments, the Celcius token had risen % from $0.87 to a high of $1.08, where it is now trading at $0.97.<\/li><\/ul>\n\n\n\n
  
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  Celcius Repays $120M In Debt To Safeguard Against Its Liquidation
  
  July 5, 2022
  
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  December 19, 2024
  
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  August 15, 2024
  
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  November 24, 2024
  
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  Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
  
  December 3, 2024
  
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  - If Celcius' price of liquidation was reached the DeFi<\/a> protocol would automatically sell the assets which were collateralized. This incurs a huge loss for the network and will put Celcius' users at extreme risk of losing funds held on the network.<\/li><\/ul>\n\n\n\n
    - Although Celcius has paid off some of its debt, it still owes<\/a> $82 million to Maker along with $175 million to Aave and an additional $100 million to Compound meaning Celcius is still over US$357 million in debt.<\/li><\/ul>\n\n\n\n
      - This news comes after Celcius had paused all withdrawals, swaps, and transfers<\/a> due to \"extreme market conditions.\" Following the news of their debt repayments, the Celcius token had risen % from $0.87 to a high of $1.08, where it is now trading at $0.97.<\/li><\/ul>\n\n\n\n
        
        Most Read
        
        Business
        
        Celcius Repays $120M In Debt To Safeguard Against Its Liquidation
        
        July 5, 2022
        
        Artificial Intelligence
        
        Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
        
        December 19, 2024
        
        Artificial Intelligence
        
        Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
        
        August 15, 2024
        
        Artificial Intelligence
        
        Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
        
        November 24, 2024
        
        Artificial Intelligence
        
        Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
        
        December 3, 2024
        
        Subscribe To Our Newsletter
        
        By subscribing, you agree with our privacy and terms.
        
        Type your email here
        
        Follow The Distributed
        
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        \n
        This repayment of its loan was seen in Vault #25977<\/a> through 3 different payments of 6.2M DAI, 50M DAI, and 64M DAI. This also raises its collateralization ratio to 577.81%, a big increase that heavily reduces the risk for investors.<\/li><\/ul>\n\n\n\n
        If Celcius' price of liquidation was reached the DeFi<\/a> protocol would automatically sell the assets which were collateralized. This incurs a huge loss for the network and will put Celcius' users at extreme risk of losing funds held on the network.<\/li><\/ul>\n\n\n\n
        Although Celcius has paid off some of its debt, it still owes<\/a> $82 million to Maker along with $175 million to Aave and an additional $100 million to Compound meaning Celcius is still over US$357 million in debt.<\/li><\/ul>\n\n\n\n
        This news comes after Celcius had paused all withdrawals, swaps, and transfers<\/a> due to \"extreme market conditions.\" Following the news of their debt repayments, the Celcius token had risen % from $0.87 to a high of $1.08, where it is now trading at $0.97.<\/li><\/ul>\n\n\n\n
        
        Most Read
        
        Business
        
        Celcius Repays $120M In Debt To Safeguard Against Its Liquidation
        
        July 5, 2022
        
        Artificial Intelligence
        
        Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
        
        December 19, 2024
        
        Artificial Intelligence
        
        Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
        
        August 15, 2024
        
        Artificial Intelligence
        
        Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
        
        November 24, 2024
        
        Artificial Intelligence
        
        Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
        
        December 3, 2024
        
        Subscribe To Our Newsletter
        
        By subscribing, you agree with our privacy and terms.
        
        Type your email here
        
        Follow The Distributed
        
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        \n
        Celcius Network has repaid US$120 million to Maker, reducing its price of liquidation on its DAI loan to below $5,000, which is collateralized by Bitcoin.<\/p>\n\n\n\n
        This repayment of its loan was seen in Vault #25977<\/a> through 3 different payments of 6.2M DAI, 50M DAI, and 64M DAI. This also raises its collateralization ratio to 577.81%, a big increase that heavily reduces the risk for investors.<\/li><\/ul>\n\n\n\n
        If Celcius' price of liquidation was reached the DeFi<\/a> protocol would automatically sell the assets which were collateralized. This incurs a huge loss for the network and will put Celcius' users at extreme risk of losing funds held on the network.<\/li><\/ul>\n\n\n\n
        Although Celcius has paid off some of its debt, it still owes<\/a> $82 million to Maker along with $175 million to Aave and an additional $100 million to Compound meaning Celcius is still over US$357 million in debt.<\/li><\/ul>\n\n\n\n
        This news comes after Celcius had paused all withdrawals, swaps, and transfers<\/a> due to \"extreme market conditions.\" Following the news of their debt repayments, the Celcius token had risen % from $0.87 to a high of $1.08, where it is now trading at $0.97.<\/li><\/ul>\n\n\n\n
        
        Most Read
        
        Business
        
        Celcius Repays $120M In Debt To Safeguard Against Its Liquidation
        
        July 5, 2022
        
        Artificial Intelligence
        
        Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
        
        December 19, 2024
        
        Artificial Intelligence
        
        Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
        
        August 15, 2024
        
        Artificial Intelligence
        
        Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
        
        November 24, 2024
        
        Artificial Intelligence
        
        Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
        
        December 3, 2024
        
        Subscribe To Our Newsletter
        
        By subscribing, you agree with our privacy and terms.
        
        Type your email here
        
        Follow The Distributed
        
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        Loan
        
        Business
        
        Celcius Repays $120M In Debt To Safeguard Against Its Liquidation
        
        Celcius Network has repaid US$120 million to Maker, reducing its price of liquidation on its DAI loan to below $5,000, ...
        
        by The Distributed Team
        July 5, 2022
        
        Most Read
        
        Business
        
        Celcius Repays $120M In Debt To Safeguard Against Its Liquidation
        
        July 5, 2022
        
        Artificial Intelligence
        
        Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
        
        December 19, 2024
        
        Artificial Intelligence
        
        Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
        
        August 15, 2024
        
        Artificial Intelligence
        
        Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry
        
        November 24, 2024
        
        Artificial Intelligence
        
        Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
        
        December 3, 2024
        
        Subscribe To Our Newsletter
        
        By subscribing, you agree with our privacy and terms.
        
        Type your email here
        
        Follow The Distributed
        
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