So global yields are in the toilet today?
Savings accounts don’t do what they used to do, do they?
How about we try out a certificate of deposit (CD) to harvest some cash?
Are there simply no other interest-bearing vehicles one can park capital in and gain a healthy return?
I would say you are right, but then I would be the fool here and I am certainly not in that line of work.
I will tell you — there is an elixir to the anathema!
Enter Celsius.
Celsius is a crypto-based financial service hoping to disrupt traditional financial services.
They offer cryptocurrency savings accounts that yield high annual interest rates up to 17% annually. They do this by lending cryptocurrency out to institutional and retail traders who seek to leverage their positions.
Since these platforms require collateral to receive a loan, investors can be sure that the loan will be paid back one way or another.
While these rates are floating interest rates, meaning they can change with the market, they’re relatively stable month-over-month.
These loans are over-collateralized, which means the risk of default is lower than it would be for a standard loan. To this day there has never been a default for any coin on this specific cryptocurrency lending platform.
How Do Celsius Make Money?
Celsius primarily generates revenue through its crypto lending service. The company lends assets to users at a higher interest rate than it pays them for storing their assets on the platform.
Celsius has more cryptocurrencies available for interest-bearing accounts, including BTC, ETH, SNX, CEL, LINK, UNI, and AAVE to name a few.
Payouts and Withdrawals
Celsius users can withdraw their funds at any time without incurring additional fees. Those who wish to withdraw over $50,000 with a single transaction need to wait 24 to 48 hours for it to process. The company makes its weekly interest payments on Mondays.
Let the compound interest payments pile up all while exposed to minimal market risk.
Celsius confirms its holdings of $20,366,621,718 in cryptocurrency assets as of August 13, 2021.
In less than one year, Celsius has grown its total asset holdings from $1 billion to over $20 billion.
Do you want to be part of this 20X growth story?
As part of its Proof of Community (POC) and rewards explorer, Celsius provides real-time data about its assets, loans, users, and rewards paid.
This asset growth trajectory is parabolic with Celsius confirming it is adding close to $1B a month in new assets, as the company trends towards the number one position in total asset holdings in the crypto industry.
For years the traditional banking business has conditioned us naïve folk to accept steep fees and no yield earnings on holdings as the status quo.
I will tell you right now that it’s a load of garbage and nobody should accept these pitiful offers from dinosaur banks.
There is so much more out there that we can access now because of crypto.
With that failing model ripe for disruption, Celsius was built to give consumers what banks never could — a community-oriented platform that provides income and financial independence and it delivers it with a bang.
At the start, Celsius had set a goal to bring the next 100 million people into crypto. Today, they have over 950,000 users worldwide.
Celsius has even just launched its crypto-backed lending service in California following regulatory approval.
The California expansion enables the firm to enlarge its footprint in one of the fintech capitals of the world — California.
The firm claims that it now is "one of the most accessible and affordable lenders in California."
The loans can be issued in both United States dollars and stable coins, the minimum loan value is $500, the process is instant, does not need proof of income or credit check.
You are not dreaming — this is the real deal.
Wake up to fresh crypto interest payment receivables on Monday morning easily convertible into fiat currency.
Participate in one of the most unique crypto deals in the world.
To check out this deal of a lifetime, click here to visit their website.
