What is Celsius network?

The Celsius network is an SEC-approved platform where individuals may earn interest on their Cryptocurrency holdings and get securitized loans using their Cryptocurrency holdings as security. Additionally, Celsius aims to keep the advantages of conventional financial institutions, like pricing transparency and payment-less transactions. If you own Cryptocurrency and want to borrow money, you can utilize Celsius since you can get dollars without selling your Cryptocurrency. The system is powered by the native token CEL, that is used to make a payment, issue incentives, and accept loans. Furthermore, Celsius has introduced a loyalty programme whereby participants’ standing is based on the value of their holdings of CELs. As a customer moves through the tiers, they are rewarded with more privileges and a lower interest rate.

Celsius provides its customers with a wide variety of banking services, with a special emphasis on the Cryptocurrency market. It was founded in June 2018 and provides a variety of financial services, including loans, wallets

How Does Celsius Work?

There are several Cryptocurrency exchanges available on Celsius. This is done to reduce the amount of Crypto-assets that must be sent to third-party services. Lenders , Debtors, the Celsius Platforms, and external exchange markets make up the heart of the Celsius system. Individuals who join the Celsius networks have the opportunity to diversify their revenue streams by putting Crypto assets on the marketplace and receiving incentives in a number of other Cryptocurrencies. In order to facilitate borrowing to external exchanges, Celsius manages a lending stake pool into which customer deposits are placed and then returns the interest to the customers.

What Makes Celsius Unique?

Celsius’s goal is to surpass banking institutions in their very own views by offering financial services on more favorable conditions than those offered by conventional financial institutions. Increases in savings and deposits, simplification and equity in lending conditions, and a tailor-made incentive structure are only a few of the benefits enjoyed by the users. There will be no additional charges or fines, similar to those found at financial institutions. The CelPay component of the platform serves as a wallet, and it includes the CEL token that customers may utilize to raise the value of their pay-outs. Due to its for-profit nature, Celsius will retain a portion of the interest its customers earn, but it still pays 80% of this to them. If a loan is backed by assets and the borrower is required to return over 100% of the principal in the loan’s final currency, then the loan’s repayment is assured.

Conclusion

In this dashboard we tried to find out about the swapping behaviour of Celsius network on both Sushi and Uniswap and find tokens they swapped the most and finally we found the answer for from which one of their wallets did they conduct most of the swaps?