Celsius pays down 143M in DAI loans since July 1 By Cointelegraph

Celsius pays down 143M in DAI loans since July 1

Cryptocurrency Jul 04, 2022 06:40PM ET

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Celsius pays down 143M in DAI loans since July 1

Celsius (CEL) has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the beginning of the month, signaling that the troubled crypto lending platform was trying to stave off a complete collapse amid credible rumors of insolvency.

Since July 1, Celsius has repaid $142.8 million worth of Dai (DAI) stablecoins across four separate transactions, according to data from DeFi Explorer. The crypto lender still has $82 million in outstanding debt owed to Maker. Out of $1.8 billion in lifetime investments, the firm's losses currently stand at $667.2 million.

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Comments (3)

Hassan Jul 04, 2022 9:26PM ET

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lol

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ذياب التويجي Jul 04, 2022 9:13PM ET

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awesome

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ذياب التويجي Jul 04, 2022 9:12PM ET

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Celsius pays down 143M in DAI loans since July 1

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