From Maker protocol, Celsius was able to recoup $440 million in collateral.
A transaction from Celsius' wallet to Maker was noted in the data on Etherscan. The loan payback was done in DAI, the regional stablecoin of the Maker system, according to information on DefiExplorer.
Maker then issued the 21,962 Wrapped Bitcoin (WBTC) that the DeFi platform had promised as security for the loan to Celsius. The value of the leaked WBTC exceeds $470 million. WBTC is currently trading at $21,553, as per CoinMarketCap.
Celsius has been aggressively repaying loans. It has reportedly paid back outstanding loans totaling $224 million in the past seven days to Maker protocol.
Celsius also paid a $67 million obligation to the liquidity pools Aave and Compound on the same day.
The most recent breakthrough provides the platform with much-needed relief. Now that it has the money, it can utilize it to increase its liquidity reserves as it tries to stay in business.
The network's internal token, CEL, increased by around 10% in response to the news. After investors took their winnings, it fell back within hours.
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