Crypto Exchanges

Story: Celsius Network (CEL) Error in Price Feeds Community Wants ChainLink (LINK) Feed

By James Thorp

1 / 13

Celsius expressed:  Hey Celsians.  There was an error within the MATIC price feeds earlier today.

2 / 13

Our loans team will reach out to you directly if you need to provide additional collateral to keep your loan secured.

3 / 13

Update - An error for MATIC and SNX price feeds from our 3rd party provider triggered margin calls earlier today.

4 / 13

If a margin call was NOT issued by mistake, our team will reach out to you directly to add more collateral to secure your loan.

5 / 13

Community reaction was like:  What was the error and how did it occur? Where do you get your price feeds?

6 / 13

Is it an internal issue or an oracle issue? Could be the same for Aave? Great. How about the MATIC rewards? I received rewards for my other coins but not yet for MATIC.

7 / 13

Apparently, you don't use Matic ChainLink price feed. It means you are very unprofessional at what you do. This is very concerning.

8 / 13

They use Chainlink price feeds but not for liquidations

9 / 13

It's not great to be honest, took the shine off the interest payout today as received both notifications at same time.

10 / 13

Did the same thing happen to ADA? Was showing a spike under $0.20 this morning?  Does anyone have issues with receiving verification emails from Celsius if they’ve signed up…

11 / 13

I added additional collateral after I got this notification. How do I get my funds added back to my account to not lose interest payment?

12 / 13

And I can see that the payout interest was also affected for some coins SNX -as it’s based in the USD value.

13 / 13

Shouldn't be the case, interest snapshots run from Friday to Friday, then paid each Monday. It may effect next weeks, let's hope they've sorted that.

The Currency Analytics

Want the full story?