How do you make money when you pay your customers 10% on stable coins, but charge 1% on 4x collateral for loans? Mashinsky help us understand the sustainability of your business model?

Simple math. Your collateral is also used to generate yield that then just goes to stable coin depositors instead of you. Simplified math: 10%/4 = 2.5% that your collateral has to generate (times 4 parts for the 25% LTV).

Community Response:  Why borrowing stable coins is in Your Best Interest? Instant access to funds; Borrow as little as $100; Waive those wire fees goodbye; No banks and no B.S.

Those who have got crypto, but need cash, can use more than 40 cryptocurrencies in collateral.  The loan terms can be customized according to the collateral to get the money required without selling the coins.  Annual rates at 1% is the lowest in the industry. Also, they do not charge origination fee, late payment fees, transaction fees, closure fees etc.

Celsius also provides the option to decide on how the loan should be issued.  Borrowers will be able to request the loan to be issued in USD or in one of the six stable coins like USDC, USDT, TUSD, GUSD, PAX or DAI.

Getting a loan issued in Fiat is best for some borrowers and there are several benefits to taking the loan in stable coins also.

Stable coin loans provide instant access to funds, borrow as little as $100, Easy fiat off-ramps, and waiving off those wire fees.  This is a completely no banks and no bull shit deal.

Getting a stable coin loan using the Celsius App takes just a couple of minutes.

The previous bear markets have started in December! (Looming margin call) If I could over-collateralize the loan to whatever LTV (e.g. 10%) AND repay in the app (no e-mails) I’d love to borrow from Celsius. (Even then paying uncertain ETH gas fees for the stable coin transactions is ugly.)

By ‘repay in the app’ I meant paying off the loan earlier. When the bear market hits I definitely wouldn’t risk waiting nerve-wrecking days for the response from a customer support. It has to be resolved in the app.

All these are subject to Celsius’ Terms of Use. Celsius’ services may not be available in all jurisdictions.

Celsius loans are not available in all areas. The Celsius mobile app will provide with details about whether these loans will be offered in a particular area.