Celsius Network Paid Off Its Loan to MakerDAO

Crypto lender Celsius, which found itself in a crisis recently, finished paying its loan to Maker DAO and got 21,962 WBTC worth around $440 M in collateral back. As can be seen on DeFi Explore, now the liquidation price is $0.

In June, Celsius paused withdrawals, swaps, and transfers between accounts because of extreme market conditions. Since then, these functions have been unavailable. Now, when the company is overcoming the difficulties, users are waiting for the platform to resume its operations.

Meanwhile, recently two major crypto companies, Three Arrows Capital and Voyager filed for bankruptcy.