Consensus 2019 Alex Mashinsky Founder and CEO Celsius Network (CoinDesk)
Celsius Pays Off Aave Loan, Moves $418M 'stETH' Stack to Unknown Wallet
The liquidity-stricken crypto lender fully paid off its debt to the decentralized finance protocol, freeing $26 million in tokens as part of its latest debt restructuring maneuver.
Consensus 2019 Alex Mashinsky Founder and CEO Celsius Network (CoinDesk)

A16z partner Chris Dixon (Steve Jennings/Getty Images for TechCrunch)
A16z, Variant Lead $18M Round for Lending Protocol Morpho Labs
The protocol enhances existing lending protocols such as Compound and Aave with peer-to-peer liquidity.
A16z partner Chris Dixon (Steve Jennings/Getty Images for TechCrunch)

Consensus 2019 Alex Mashinsky Founder and CEO Celsius Network (CoinDesk)
Celsius Reclaims $410M of 'stETH' Tokens After Paying Down $81M Debt to Aave
The embattled crypto lender Celsius is inching closer to fully paying off its loans from decentralized finance protocols, reducing its outstanding debt to $59 million.
Consensus 2019 Alex Mashinsky Founder and CEO Celsius Network (CoinDesk)

Consensus 2019 Alex Mashinsky Founder and CEO Celsius Network (CoinDesk)
Celsius Reclaims $172M Collateral From Aave, Compound
The liquidity-strapped crypto lender has paid down $95 million in debt from the two DeFi platforms since Friday.
Consensus 2019 Alex Mashinsky Founder and CEO Celsius Network (CoinDesk)

Celsius CEO Alex Mashinsky (CoinDesk archives)
Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize
The troubled crypto lender Celsius started to make good on the $258 million debt on the decentralized lending protocols Aave and Compound – possibly in an attempt to reclaim collateral it had posted as guarantees. The transactions come just a day after Celsius used a debt-paydown to reclaim collateral on Maker.
Celsius CEO Alex Mashinsky (CoinDesk archives)

Algorithmic stablecoins seek balance through unconventional means. (eswaran arulkumar/Unsplash)
Aave Proposes Decentralized, Yield-Generating Stablecoin GHO
The U.S. dollar-pegged algorithmic stablecoin will be minted by users and generate interest yields.
Algorithmic stablecoins seek balance through unconventional means. (eswaran arulkumar/Unsplash)

(artpartner-images/The Image Bank/Getty)
MakerDAO Cuts Off Its AAVE-DAI Direct Deposit Module
MakerDAO is temporarily stopping DAI from being minted and deposited in Aave’s crypto lending platform.
(artpartner-images/The Image Bank/Getty)

Stani Kulechov, founder of Aave and erstwhile "Twitter Interim CEO," speaks at Consensus 2019. (CoinDesk archives)
Aave’s Decentralized Social Media Platform Arrives on Polygon
The launch of Lens Protocol comes weeks after Aave founder Stani Kulechov was temporarily suspended from Twitter.
Stani Kulechov, founder of Aave and erstwhile "Twitter Interim CEO," speaks at Consensus 2019. (CoinDesk archives)

(Kelly Sikkema / Unsplash)
‘Smart Money’ Wallets Are Unloading APE, Filling Up on aSTETH, Nansen Data Suggests
“Otherdeed for Otherside” NFTs have seen the most activity in the last 24 hours, according to the on-chain analytics firm.
(Kelly Sikkema / Unsplash)