The Celsius Network Cryptocurrency Lending Service has paid the last 25,000 ETH into an Ethereum 2.0 deposit contract. This is stated in the company’s memorandum of understanding.
The funds came from Celsius community assets. They will be used to generate higher returns for the community. Cryptoplatform users will be able to earn up to 7.21% per annum on ETH and 3-15% per annum on more than 40 cryptov currencies.
„We are proud to have unlocked the launch of the Ethereum 2.0 genesis block. The deposit of 25,000 ETH from the Celsius community is our contribution to the project, which helped us to scale up our own ecosystem,“ said Alex Mashinsky, CEO of the company.
What is Ethereum 2.0?
At the time of publication, the contract balance was 724,224 ETH and 22,625 validators.
As of November 24, more than 524,288 ETH have been entered into a deposit contract. The launch of Stage Zero Ethereum 2.0 is scheduled for 1 December.