robcryptouk

Link below from last night's Swissborg AMA (listen for 30 seconds):

https://youtu.be/-G9doiHve_A?t=4620

It's a positive sign when competitors start to adopt your processes and business model. Swissborg customers have requested it and they acknowledge Celsius as a company already doing this.

I interpret companies copying Celsius (or aspects of their business model) as an endorsement that Celsius is innovating and a lead developer in this space.

Disclaimer: I use Celsius, Swissborg, Nexo, and YieldApp. All have their own specific Pros and Cons and my preferences are based on my personal user experience.

When swapping from USDT/C to YLD in the app there is a limit of $1,000 (actually shows as 999.999999?!)/

Why?

I want to swap above this amount but am unable to do it in the app. Instead I have to withdraw any use UniSwap.

It would be much easier to just have a higher limit (or no limit) in the app.

New promo codes are live on the website.

Slight improved terms as we now have 20 days to deposit funds once the codes are activated.

Full detail on the website:

https://celsius.network/download-app/

Starting this thread to gather the points people thought were most interesting/relevant from last nights AMA.

It's easy to miss things between the chatter and different people may identify different points of interest.

I'll post the few that interested me the most to get the ball rolling.

Yesterday I elected to redeem ALL the USDC in my Yield Wallet. This morning it was redeemed at 09:00 and moved to my USDC Account with the exception of yesterdays interest amount which still showed as Pending in the Yield Wallet. This was paid into the Yield Wallet about an hour later.

So now I have a small amount of USDC left in my Yield Wallet which is not what I wanted.

The exact same thing happened with BTC earlier this week when I tried to redeem all of it but was left with some fragments in the Yield Wallet.

I contacted Support but got a cut-and-paste reply that did not address the issue. I seem to be stuck in a continuous loop of redeeming ALL but for some reason Swissbo

Nexo is being sued for suspending, without notice, customers use of XRP to stake as collateral or pay down loans (ref: para. 6).

Nexo customers who sought to maintain their LTV ratios were effectively locked out of doing so. They could neither use their XRP to pay down their loans nor sell their XRP on the market and use the proceeds to maintain their LTV ratio (ref. para. 9)

The lawsuit claims that Nexo’s suspension of XRP payments and liquidation of these customers’ collateral was a material breach of the Borrow Terms and Conditions and therefore unlawful.

Here is the link to the Court document:

https://www.courtlistener.com/recap/gov.uscourts.cand.376200/gov.uscourts.cand.376200.1.0.

I just received an email with a link to the updated Terms & Conditions.

https://swissborg.com/legal/wealth-app-terms-of-use

I like to understand what I am investing in so I had a read and was slightly concerned by section 5.8 which I have copied a portion of below. Apologies for it being in CAPs but that is how it appears in the T&Cs. I have added the bold emphasis to what I think it critically important.

YOU UNDERSTAND AND AGREE THAT YIELD PROGRAM GATEWAY(S) ARE OPERATED BY THIRD PARTIES. THE COMPANY HAS NO CONTROL OVER THE PERFORMANCE OR NON-PERFORMANCE OF THIRD-PARTY YIELD PROGRAM(S). THEREFORE, PLACING YOUR VIRTUAL CURRENCIES INTO YOUR YIELD WALLET IS AT YOU

From Nexo's AMA yesterday:

https://youtu.be/l9ccyPsN5aU?t=1716

"Celsius, I have no idea who those guys - what are they doing?"

Nexo used Slido to collect and sort questions which is a great product but any hard questions, even those voted up by the community to the top of the list, were not asked. And a lot of questions were blocked by the Mods and didn't even make it onto the list. Not exactly an AMA...

Disclaimer: I have used and owned tokens in both Nexo and Celsius.

Picked this link off the Celsius Twitter feed for submitting questions to the AMA:

https://docs.google.com/forms/d/e/1FAIpQLSdc3-zaAEbK5oX27XuCbboW0Mx5q20o_mNv0dHXpuFCo5hzrQ/viewform

The more questions that are submitted the higher the probability that some of them may get answered... but don't hold your breath as not all questions will make the final cut - but if you don't ask then you will never know!

This article just published in the Celsius Support section:

https://support.celsius.network/hc/en-us/articles/360016902998-How-to-complete-a-withdrawal-without-canceling-a-locked-reward-for-a-promo-code-

It is pretty detailed and explains things clearly. Definitely worth reading!

It's only 3 mins long and definitely worth listening to if you have experienced any issues with Promo codes:

https://www.youtube.com/watch?v=wRCBgfc5E8A

Has anyone been successful in depositing the required funds and having the promo codes show as LOCKED?

There is a lot of chatter on this thread but as yet no one has confirmed that the codes actually work. The closest we have are people who have made the deposit but promo codes still show as PENDING which does not constitute the promo code being successfully activated.

https://www.reddit.com/r/CelsiusNetwork/comments/kowqi9/new_promo_codes/?ref=share&ref_source=link

I am not interested in blind faith, having to contact Support to sort it out, or just hoping the bonus will be paid - I am trying to establish if anyone has actually used the promo codes, made a deposit, and the codes now