Don’t try to compete with competitors for “integrations”, “listings”, “partnerships”.

The recent decline of the crypto-market has shown the flaws in the system and the need for regulation to reign in irresponsible actors and protect consumers. Terra’s crash was not isolated and was the tipping point to expose the over-leveraged portfolios of several crypto-hedge funds and exchanges. Celsius was one of these exchanges and was not only overexposed to Terra, but one of the main actors spurring the run on the Anchor Protocol. Exposure to stETH, another instrument which would de-peg, deepened Celsius losses.