Celsius Network Repays 34.4 Million $DAI to Maker Again

Crypto lending platform Celsius Network has once again repaid 34.4 million $DAI to decentralized lending protocol Maker, according to the on-chain data. Since July 1, Celsius has paid down $183 million of its collateralized debt to Maker. The transactions resulted in not only the extinguishment of the debt but the release from Maker of 2,000 wrapped bitcoin (worth $40 million) that had been posted as collateral. Celsius still owes 41 million DAI (about $41 million worth) in loans to Maker, but it has about 22,000 wrapped bitcoin (about $440 million worth) posted against those loans.