CEL
CELSIUS (CEL)
Celsius Network is a peer-to-peer lending platform that facilitates borrowing and lending of cryptocurrencies, with its native token being CEL. Borrowers can leverage their cryptocurrencies as collateral to access fiat currencies at low interest rates without selling their assets. Lenders, on the other hand, earn interest on the cryptocurrencies deposited in their Celsius Network wallets. Users can earn interest on their deposited cryptocurrencies, with interest paid weekly and the flexibility to withdraw funds at any time without fees. Additionally, Celsius Loyalty Rewards offer bonus interest based on the proportion of CEL tokens held in the wallet, providing users with additional incentives.
Celsius Network provides a seamless way for cryptocurrency holders to earn passive income through lending and borrowing while retaining ownership of their assets.
