Celsius is an interest-bearing (investors can earn interest) and crypto-lending (users can borrow) DeFi platform. The Celsius Network can be accessed through desktop or iOS and Android mobile app. DeFi facilitates P2P financial services like lending, borrowing, and investing for interest — on a public decentralized blockchain. This approach eliminates the need for financial gatekeepers such as loan officers and banking personnel.

Celsius Yield Rates are different for different coins and tokens.  Stable Coins being digital assets tied to fiat currencies, such as the US dollar have relatively low volatility.  Minimum APY 5.50% to maximum APY 8.50% for stable coins like USDC, PAX, and MCDAI.

Gold Tokens are a type of digital asset attached to physical gold. The token’s price is correlated to the price of gold. Minimum APY 5.50% to maximum APY 7.21%. Example: PAXG, XAUT, WDGLD.

Celsius supports some of the top cryptocurrencies including the native blockchain coins like Bitcoin and Ethereum.  Users can also stake coins such as DASH and utility tokens such as CEL. Minimum APY 0.50% to maximum APY 14.05%.

What is a CEL token?  Celsius (CEL) is a cryptocurrency token and it operates on the Ethereum platform. There are seven planned utilities for the CEL token: priority in line for loans, better dollar loan rates, better-earning rates, better coin loan rates, and premium support.

Utilization of the CEL token affords each Celsius user group with unique benefits:

1. Earners: By accepting rewards in the form of CEL tokens, earners receive up to 30% more rewards on all deposits of non-CEL tokens.
2. Borrowers: By paying interest with CEL tokens, borrowers receive up to a 30% discount on interest payments.
3. Institutions: By paying interest with CEL tokens, institutions borrowing tokens from Celsius receive a 30% discount on their interest payments.

CELpay for crypto transfer:  Although Celsius does not provide a credit card, users can transfer assets via CelPay.

CELPay is a crypto payment app, which allows users to send crypto to anyone — even to those without a wallet.  When sending crypto, CelPay generates a shareable link, which automatically creates a CelPay wallet when the recipient clicks it.

Celsius network recently announced: “We are thrilled to announce the launch of CelsiusX, the DeFi arm of Celsius Network. This milestone marks the start of our journey, creating a future where centralized and decentralized financial systems will coexist. CelsiusXDeFi”

The reasons for the Celsius Network and their lending model is to connect the CeFi and DeFi world.  To bridge tokens, partners and liquidity.  And to provide users with access to the growing ecosystem.

In Celsius, 1 million users that earn up to 17% yield on their crypto. Get paid new coins every week and borrow cash at 1% APR with crypto.