The distressed crypto lender Celsius Network is on a roll the entire week as now it successfully repaid its loan to the Aave platform and reclaimed 400,000 stETH from Aave, worth around $418M. According to on-chain data, Celsius Network wallet paid off its debt to Aave by paying more than $63.5M in USDC to release collateral.
Just last week, Celsius repaid the remaining loan to the Maker protocol and withdrew $440 million in collateral from the platform. Celsius is paying off the debts in an effort to improve its balance sheet as rumors came in that it is preparing to file for bankruptcy.
Also Read: Celsius Recovers $172M in Collateral from Aave and Compound
