Celsius pays down 143M in DAI loans since July 1
Cointelegraph
Published Jul 04, 2022 04:50PM ET
Updated Jul 04, 2022 06:40PM ET
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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Written By: Cointelegraph
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