DeFi Project Chainge Finance Offers to Buy Some Assets from Celsius Network

Decentralized finance project Chainge Finance has offered lending service Celsius Network options to minimize the damage that “may threaten the Web3 sector and the industry as a whole.”

The company has announced:

“We firmly believe that there is no better way to move forward than by working together on decentralization. This does not represent a ‘quick fix’, but rather a long-term sustainable replacement for a system that provides custody of assets and eliminates risk for all crypto users.”

According to the company, moving assets from one centralized organization to another is pointless. Chainge Finance thinks that the decentralization of the Celsius Network is a logical way out of this situation.

The project developers have noted the letter of intent is optional. The project, its partners and affiliates have offered to acquire “certain assets and liabilities” of the crypto lending platform.

The letter reads;

“Immediately after the closing of the proposed transaction, we will make reasonable efforts to inject some liquidity and distribute certain assets to user addresses through the Chainge application using decentralized technology.”