Celsius Lowers Loan Minimum and Introduces Gold on Gold Interest

The Celsius Network is lowering its minimum loan request to $1,000 and will introduce interest paid out in gold.

Celsius founder and CEO Alex Mashinsky told Cointelegraph that they had previously lowered the minimum to $1,500 from $3,000, and now they decided to lower it again to $1,000 to “let users borrow smaller amounts without having to sell their crypto”. However, borrowers still need to post the collateral that is twice the loan amount.

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Cointelegraph

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