Celsius Network is a centralized institution that facilitates the lending and borrowing of cryptocurrency assets.

Much like a bank, Celsius Network uses deposits from their customers to provide loans that they earn interest on. Unlike banks, Celsius Network passes about 80% of these earnings back to depositors and only keeps around 20%.

CEL, is Celsius Network's native utility and incentive token, which operates on the Ethereum blockchain. Depositors earn higher interest rates if they opt to be paid via CEL, and borrowers can get better interest rates by opting to pay in CEL.

If you want to learn more about Celsius Network, you can read my full review linked in the description below. To view Celsius Network's current interest rates on deposits, check the link in the description to head to the Celsius Network website.