Market Wrap: Bitcoin Climbs Above $21K for First Time in a Week
— Fraction, Krisztian sandor reported, Week, Attained, Climbs, Meaning, Celsius, Repaying, Borrower, Sense — 1 min read
Celsius pays back a fraction of the value of the loan by paying back the collateral. The loans on decentralized lending platforms such as Maker are generally overcollateralized. Repaying the loan made sense for Celsius because it attained the valuable collateral, Krisztian Sandor reported. The loan was made on a decentralized lending platform, Maker, which allows users to put up more assets in value as a backing of the loans than the actual value of their loan itself, Sandor said in an interview with CNN's Krisztan Sandor on Monday. Sandor: "Celsius paid back the loan because it reached the collateral by... paying back its value by paying it back a... fraction of its... value, rather than paying back it" Source