Celsius Pays Off Aave Loan, Moves $418M ‘stETH’ Stack to Unknown Wallet

Celsius Pays Off Aave Loan, Moves $418M ‘stETH’ Stack to Unknown Wallet

Last week, as reported by CoinDesk, Celsius fully paid off and closed its loan on Maker, one of the largest DeFi lending protocols, and freed up $440 million of collateral pledged against the loan, denominated in wrapped bitcoin (WBTC) tokens. Earlier Tuesday, the crypto lender reduced its debt by $95 million on Aave and freed up 410,000 stETH tokens, worth $426 million at the time of publishing, as CoinDesk reported.

Originally Posted on: https://www.coindesk.com/markets/2022/07/12/celsius-pays-off-aave-loan-moves-418m-steth-stack-to-unknown-wallet/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Krisztian Sandor

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