Celsius Network
Celsius Network was a centralized yield platform that offered high-interest earnings on crypto and allowed users to take loans against deposits. It gained popularity with its no-fee model and CEL token incentives. However, Celsius filed for bankruptcy in 2022 due to insolvency and mismanagement. It serves as a cautionary example of risks in centralized yield farming.
| Celsius Network | |
|---|---|
| Supported Assets | BTC, ETH, USDC, USDT, XRP |
| APY Range (%) | 4%–12% |
| Fees | No direct fees |
| Lock-Up Terms | Flexible |
| Security Features | Insurance, cold storage, regulatory compliance |
| Interest Payouts | Weekly |
| Availability | Limited (select regions) |
| Special Features | Competitive stablecoin rates |
| Minimum Deposit | $20 minimum |
| Insurance Coverage | Multiple insurance policies |
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