Crypto project Celsius just paused withdrawals. We're seeing an age old banking problem replayed in crypto: an asset liability duration mismatch meets a bank run. Tons of benefits to crypto, but when simply building tradfi on crypto rails, the rules of finance still apply.
Crypto project Celsius just paused withdrawals. We're seeing an age old banking problem replayed in crypto: an asset liability duration mismatch meets a bank run. Tons of benefits to crypto, but when simply building tradfi on crypto rails, the rules of finance still apply.
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