CeFi Platform Celsius Restricts Yield Rewards To Only Accredited Investors In...
Celsius has been positioned as one of the leading yield-generating CeFi platforms on the market, battling neck-and-neck with other dedicated CeFi platforms such as BlockFi and Nexo. Their positioning is seemingly weakened this week, certainly with retail investors, as the platform sent out an announcement to all users and released a public announcement that new funds supplied – even from existing accounts – into Celsius’ platform would no longer be eligible to earn yield unless they are accredited investors. Let’s look at what we know from today’s release, and....
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Only “verified accredited investors” in the United States will be able to add coins to their Earn accounts starting on April 15 while users outside the country will be unaffected. Crypto lending firm Celsius Network has announced it will be launching a custody solution for users based in the United States in response to discussions with local regulators.In a Monday announcement, Celsius said its Earn product, which allows users to earn interest on crypto, would be unavailable to U.S. residents making transfers starting on Friday. According to the firm, any coins transferred to....
Accredited investor laws are the bane of many in the crypto industry, who see them as preventing small investors from accessing big opportunities. When Celsius was recently forced to cut off access to U.S. citizens who were not accredited investors, many cried foul.Did it help some users avoid the current crisis? Or do accredited investor laws go too far in saving users from themselves and from profits, too? Two weeks ago, as speculation about Celsius solvency began to mount, users started experiencing trouble withdrawing money from their accounts. Though Celsius CEO and founder Alex....
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PRESS RELEASE. DeFi Yield Protocol (DYP) is a decentralized yield farming platform that allows liquidity providers to earn rewards in Ethereum and its native token DYP. It offers a solution to the risk involved in Yield Farming by offering different options for investors to earn while maintaining full decentralization of its platform. DYP users can bank on the anti-manipulation feature that ensures that the volatility of tokens is controlled and prevents whales from taking over its token price mechanism (DYP). Massive Earning Potentials via Staking Pool DYP has been able to generate....