Hacker News new | ask | show | jobs
by paulgb 1474 days ago
I don’t think that contradicts OP’s point, though? If you buy in you’re someone else’s yield. The mechanism for that transfer is that your investment depreciates faster than the yield, while the other person is able to liquidate and you’re not.
1 comments

OP is referring to an 18% APY in USD where Celsius is referring to an APY in the target coin.

I don't quite follow your logic. Assuming withdraws weren't paused like they are now you would still be able to liquidate your position.

> Assuming withdraws weren't paused like they are now you would still be able to liquidate your position.

That’s the funniest thing I’ve read in a long time…