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Celsius Provided 25,000 ETH to Help Launch Ethereum 2.0 on Time
Summary: Alex Mashinsky, chief executive officer and founder of Celsius Network, a crypto lending and borrowing platform, said that Celsius provided 25,000 ETH to ensure that the Eth2 deposit contract had enough funds to launch on time. According to Mashinsky, the amount of ETH Celsisus deposited was equivalent to $15,125,000 at the time of the transaction. ...
Alex Mashinsky, chief executive officer and founder of Celsius Network, a crypto lending and borrowing platform, said that Celsius provided 25,000 ETH to ensure that the Eth2 deposit contract had enough funds to launch on time. According to Mashinsky, the amount of ETH Celsisus deposited was equivalent to $15,125,000 at the time of the transaction. Mashinsky further noted that funds came from the Celsius 's pool of community assets, and this will be used to generate an even higher yield for the community once the Eth2 network is officially launched.
Mashinsky said: “We already have 230 thousand users on the Celsius network, along with 3.3 billion dollars worth in assets. These users are putting in ETH, allowing the network to earn yield on it in many different ways. The 25,000 ETH contributed to the proof-of-stake Ethereum network will generate another source of yield for our community.”
By Amy Liu
Tags: Celsius,ETH,Ethereum 2.0,Launch
Link: Celsius Provided 25,000 ETH to Help Launch Ethereum 2.0 on Time [Copy]
