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cryptonews
2022-06-14 12:05:00

Celsius Tops Up More Collateral to Avoid Loan Liquidation, Faces ETH Squeeze

Celsius Tops Up More Collateral to Avoid Loan Liquidation, Faces ETH Squeeze

The troubled crypto lending and borrowing company Celsius (CEL), which on Monday halted withdrawals due to “extreme market conditions,” is adding more collateral for a loan on the MakerDAO (MKR) decentralized finance (DeFi) protocol to avoid liquidation. At the same time, the company is facing a growing problem with ETH tokens it has staked on Ethereum 2.0....Read More: Celsius Tops Up More Collateral to Avoid Loan Liquidation, Faces ETH Squeeze

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