Opaque Platforms and Intertwined Protocols Pose Big Risk to Crypto

Celsius has moved from providing short-term loans to market makers and arbitrage traders to deploying capital in DeFi’s lending protocols, which allow for higher-yielding strategies. Higher yield comes with higher risk than (and with fewer assurances than) any responsible bank would be comfortable with. There's nothing wrong with offering yield, but there is something troubling about offering yield by way of putting customer assets at risk. And that increased risk profile has come to bear. There’t be anything wrong with. offering yield but there’ll be something troubling if it puts customers at risk, writes Simon Tisdall. For confidential support call the Samaritans on 08457 90 90 90, visit a local Samaritans branch or click here for details. Source