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The struggling crypto lending platform Celsius has nearly cleared all of its outstanding DeFi debt after recovering 400,000 collateralized Staked Ethereum (stETH) from While it is not fully clear exactly how much of Celsius’ ETH holdings are wrapped up in stETH, estimates are at around $475m based on public wallet information Celsius paid down $81.6 million in USDC to Aave Loan and freed up $410 million of collateral in staked Ether(stETH), After getting ride of staked Ether, Cels The move reduced Celsius's debt to Aave to $8.5 million from $90 million. Crucially, the transfer freed up $410 million in stETH, a type of digital token that Celsius had pledged as collateral The ongoing DeFi industry turmoil is beginning to resolve after the DeFi lending giant, Celsius recently paid off over $81 million in debt to Aave and reclaimed $410

Celsius Retrieves $410M in Collateralized stETH, Resolving Liquidity Issues

The struggling crypto lending platform Celsius has nearly cleared all of its outstanding DeFi debt after recovering 400,000 collateralized Staked Ethereum (stETH) from Aave. This strategic move marks a significant step towards financial recovery for the company, previously facing liquidity challenges.

Celsius's recent actions have had a positive impact on their balance sheet. After getting ride of staked Ether, Celsius reduced its debt to Aave to $8.5 million from $90 million. This was achieved by paying down $81.6 million in USDC to Aave Loan and freeing up $410 million of collateral in staked Ether (stETH). Crucially, the transfer freed up $410 million in stETH, a type of digital token that Celsius had pledged as collateral.

While it is not fully clear exactly how much of Celsius’ ETH holdings are wrapped up in stETH, estimates are at around $475m based on public wallet information. The reclaimed $410 million in stETH provides a substantial boost to Celsius's assets and allows them to navigate the current volatile crypto market with greater flexibility.

The ongoing DeFi industry turmoil is beginning to resolve after the DeFi lending giant, Celsius, recently paid off over $81 million in debt to Aave and reclaimed $410 million. This successful retrieval of collateralized stETH is a positive signal for the broader DeFi ecosystem, indicating a potential path forward for companies facing similar liquidity constraints.

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