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Finance Redefined: Celsius raises $400M, and Rari’s 7.5K% yields, Oct. 11—15
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Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter.
In a week where Rari Capital achieved the $1billion TVL milestone, read on to discover why OlympusDAO is yielding four-figure sums on its most popular protocol.
What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments over the last week, subscribe below.
Cryptocurrency lending platform Celsius Network announced a $400 million equity fundraise this week led by Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) and equity firm WestCap, taking the company’s valuation in excess of $3 billion.
The firm has expressed intentions to utilize the funds in a two-fold
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