Celsius and Sushi

    Question: Find out what Celsius platform has done on sushi (swaps, lending, LP'ing, farming). Make sure to use cross-chain tables as much as possible to capture data on all chains. currently, we have swaps, lending, and borrowing data cross-chain.

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    Methodology

    • In this dashboard, the following tables are used to extract data:
      • flipside_prod_db.crosschain.address_labels
      • flipside_prod_db.crosschain.ez_swaps
      • ethereum.core.dim_dex_liquidity_pools
      • ethereum.core.ez_token_transfers
    • In this dashboard, only information on the Ethereum blockchain has been extracted.
    • In this dashboard, only the interaction of the Celsius platform with Sushiswap has been checked in the swap and staking sections.
    • On the other hand, we could not find any information in the lending or borrowing section that indicates Celsius' interaction with Sushiswap.
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    Introduction

    Celsius

    Celsius network is a regulated, SEC compliant, lending platform that enables users to receive interest on deposited cryptocurrencies or take out crypto collateralized loans.

    Celsius hopes to attract users by returning high yields on their deposits while maintaining  the benefits apparent in traditional outlets such as quick, fee-less transactions. For existing crypto investors wishing to take out a loan, Celsius provides an opportunity to receive dollars without cashing out of cryptocurrency holdings. 

    The system is based around their native token CEL, which is used to take loans, provide rewards, and make payments. 

    Further, Celsius implements a loyalty program where status is reflective of CELs value in the user’s portfolio. As a member progresses to each subsequent tier, they are given bonus rewards and discounts on loan interest. More info

    Sushiswap

    Sushi Swap Decentralized Exchange is introduced as a fork of UniSwap Decentralized Exchange. In fact, this exchange is a modified version of UniSwap, which operates on the Ethereum blockchain. This decentralized exchange was created in 2020 by a person or two groups with the nicknames of Chef Nomi "Chef Nomi" and "0xMaki".

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