What is Celsius Network?
Celsius Network (CEL) is a wealth management platform allowing users to optimize earnings on crypto holdings by deploying yield strategies across DeFi and non-DeFi platforms, while providing the reliability and security of a centralized ecosystem, also enabling users to borrow cash or crypto using their existing holdings as collateral at a low interest rate of 1% with no required credit check, origination fee or early repayment fee. Borrowers may pay off their monthly interest in platform native ERC-20 CEL token to further reduce their interest rate to 0.75%. CEL token holders also enjoy up to 25% higher APY interest rewards on over 30+ supported cryptocurrency assets supported by the CEL platform. Founded in 2017, Celsius Network has processed over $8.2B in loans with over 570K platform users.