Celsius is a P2P financial platform that aims to connect holders of crypto-assets with borrowers. It will allow crypto-holders to earn interest on their assets in the form of coins, or get a cash loan against their crypto.
This platform will utilize a consensus-based, proof-of-stake approach to allow the community to borrow, lend, and vouch for each other in a self-governed ecosystem.
The core of the project will be the implementation of the Celsius Wallet. This is a crypto wallet designed to allow members to use coins as collateral to get loans in dollars. The goal is to allow anyone in need of cash to borrow from the Celsius platform without having to sell their crypto holdings.