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The Celsius Crypto Collapse Explained...
5 months ago
18
Finance & Crypto
Bitcoin lending
Firefish protocol
Bitcoin loans
Bitcoin as collateral
crypto lending
Celsius collapse
DeFi on Bitcoin
Bitcoin yield
trustless lending
collateralized loans
Igor Neumann and I break down the collapse of Celsius and how it inspired the design of Firefish, a Bitcoin-native lending platform built to minimize trust and eliminate counterparty risk. We discuss what really happened with the failed yield platforms, why chasing 4% yield on Bitcoin is like picking up pennies in front of a steamroller, and how Firefish uses native Bitcoin tools like multisig to create a trust-minimized protocol.
Watch the full episode: https://youtu.be/lGGxy_-G1Jw
If you want to learn more or connect, visit my website: https://jakewoodhouse.io/
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