After Celsius collapsed, lending platforms finally learned how to do risk control. In an interview, Arch Lending’s co-founder said that collateral, custodianship, and independent audits are all in place now, so it’s not like back then when they just carelessly issued loans. That’s true, but you still have to be careful—everyone can advertise, but you’ll know on the day of liquidation. After the industry gets washed out, what’s left is cleaner instead.

$BTC $ETH #Celsius #ChainReaction