The interest comes from income Celsius makes lending fiat and crypto, much of the latter to hedge funds that want to short, or bet against, the coins.
Interesting article, but it sends up some red flags for me. I don't want to call it a ponzi scheme because I just don't know enough about it, but ever since all those crypto lending sites that were supposedly using a trading bot to pay interest I've been supper cautious. Does anyone know anything about this that you can share.....?
Read the full story here...
https://www.coindesk.com/crypto-wallet-loans-bitcoin-eth/