Celsius Drops Its Aave & Compound Debt to $123 Million, Pays off $113M in 24 Hours

Following the spree of bitcoin loan payments last week, Celsius Network paid off $113,105,000 towards its Aave and Compound loans in the last 24 hours.

Celsius seems to be following the same strategic financial management that was applied last week. The crypto lending platform paid off its bitcoin loan and freed up $453 million in collateral last week. The same strategy seems to be repeating this week as Celsius dropped its Aave and Compound debt to $123 million, following a string of repayments in the last 24 hours.

Celsius repaid $113,105,000 over six transactions

Celsius began the series of repayments with a 20,000,000 USDC payment on July 11, 2022, at 12:06 AM +UTC. This was followed by another 30,000,000 USDC payment that happened on July 11, 2022, at 11:09 AM. The third transaction happened 27 mins later, which was a repayment of 10,000,000 USDC.

The fourth payment was made in DAI to Compound, which was 30,000,000 DAI, and was paid on July 11, 2022, at 12:30 PM +UTC. It was followed by the fifth payment of 5,000,000 DAI, exactly 12 mins later. The most recent transaction was made to Aave, which was worth 18,105,971.629642 USDC. You can check the entire fleet of transactions from the tweet below.