RE: If You Can't Explain The Yield You Are The Yield by chekohler

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Viewing a response to: @mypathtofire/re-chekohler-2022613t116622z

hive-167922 · @chekohler · Jun 13 '22

Lol isn't it already? It's already cleared off over a billion of its market cap, they cannot honour redemptions and they're getting rekt in trying to provide a price floor for their CEL token, looks like they trying to raise funds to cover in the meantime, after rejecting nexos offer to buy their books

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@mypathtofire · Jun 13 '22

Nexo next do you think?

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@chekohler · Jun 13 '22

Doubt it, Nexo didn't ape their funds into stETH and Luna, they banked big on the ETH merge and now that the stETH peg is breaking they cannot recoup their funds to remain liquid, 

NEXO shares their [attestations with you](https://real-time-attest.trustexplorer.io/nexo) and have tried to limit exposure to US customers, unlike Celsius, not that I am a supporter of NEXO i've never used them, I do think they all living on borrowed time 

But If NEXO can salvage celsius and assist some normies to get their capital out, cool, if not they learn a valuable lesson

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@mypathtofire · Jun 13 '22

Yeah, there are still many red flags about Nexo though. Enough to lap Brands Hatch.

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4 replies