In a 20-page report published on July 8, Arkham said Celsius is one of the largest units involved in investing in DeFi.
The degree of Celsius influence on major DeFi projects on Ethereum is as follows, according to data as of June 21, 2022 – 8 days after blocking user withdrawals:
On Aave:
Collateral: 32% stETH, 17% WBTC, 6% ETH, 35% LINK, 78% SNX, 70% xSUSHI – 12% of total collateral on Aave.
Borrowed: 37% USDC, 30% DAI, 12% REN – 17% of all stablecoins borrowed on Aave.
On Compound:
Supply: 43% WBTC, 13% ETH – 11% of total collateral on Compound.
Borrowed: 57% DAI – 20% of all stablecoins borrowed on Compound
On Maker:
Supply: 38% WBTC – 6% of total collateral on Maker.
Borrowed: 59% DAI – 3% of all stablecoins borrowed on Maker.
ETH2 staking:
2.5% of total ETH staking, holding 20% of stETH circulating supply.
Combined, Celsius’s money into Aave, Maker, and Compound accounts for 9% of the total TVL of these three protocols.
Although Celsius has fully repaid the $224 million stablecoin loan on Maker as of July 7, Celsius is currently facing a lot of negative accusations.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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