It Got Really Hot With Celsius | HackerNoon

Another incident came from Celsius’s involvement with BadgerDAO which fell victim to a phishing attack at the end of last year.There could easily be other incidents or examples of poor risk management which led to Celsius’ liquidity problems but are not yet publicized or documented. There is no way of knowing…Data shows that Celsius among other factors became illiquid because of its large holding in Lido Staked Ethereum .

The biggest incentive for participating as a miner or a validator is the payout of block rewards. Right now, the rewards paid for validators on the Beacon Chain are only fractional compared to that of the miners on the Mainnet. Besides, there are two major drawbacks to staking on Ethereum 2.0:The 32 ETH are locked until the Merge happens.

The hefty entry requirement of 32 ETH is a stop block for most everyday crypto users. And even for larger players with deep pockets, yields come with the price of illiquidity as their staked ETH cannot be touched perhaps for 1–2 years, or even longer.and stETH come into the picture. stETH is a tokenized version of staked ETH that can be used for trading and lending. Lido Finance currently offers a yield of 4% paid out in daily rewards for users to stake on the Beacon Chain.

A common theory is that Celsius fell victim to a coordinated short-selling attack from “the crypto mafia”. The attack is rumored to be a vendetta for Celsius’s front-run in the UST sell-off.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Weather Update: Hot, Humid SundayHOT & HUMID☀️ It's going to be a hot end to the weekend across the Philadelphia region
Source: CBS Philly - 🏆 308. / 63 Read more »

Eric Adams Tracks Homeless Encampments on a Google DocIt’s his “system,” and he gets mad when police don’t use it. Setting aside, for a moment, his awful obsession w cruelly clearing away unhoused people…Seems a tad problematic to be sharing that kind of data amongst govt agencies & law enforcement via a non-secured Google Doc, no?
Source: NYMag - 🏆 111. / 63 Read more »

The Best Cybersecurity Practices for Data Centres | HackerNoonRead on to learn about the specifications of data center security and the risks that threaten it. Discover the cybersecurity best practices that you need.
Source: hackernoon - 🏆 532. / 51 Read more »

Red-hot LAFC gets 2-0 win over NY Red BullsLAFC’s second-half dominance continued, with help from a reliable bench performance.
Source: ladailynews - 🏆 332. / 59 Read more »

Keeping students safe when the weather gets hotDays before the Sparks Fishers Parade, the Fishers High School Tiger Band is preparing diligently for this performance, a showcase to the community.
Source: wrtv - 🏆 598. / 51 Read more »

A Look at Big Data Architecture and its Components, Limitations and Advantages | HackerNoonAs you might imagine, big data architecture is an overarching infrastructure that allows for the analysis of large data sets.
Source: hackernoon - 🏆 532. / 51 Read more »