An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks. The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…
YAM
A Guide to Yam Finance – A Yield Farming Protocol That Has Seen it All
The summer of 2020 has brought many DeFi protocols into the limelight. Some of them were vying for attention for the past few years. Others sprung from the moist soil of the decentralized finance boom overnight and went from being pound shop projects to million-dollar protocols in just a few days. One of these sudden hits is Yam Finance, a yield farming protocol that has seen it all. Rising to unbelievable community support only to fall into disgrace and ridicule…
2 years ago 615 views