Examples of Eligible Digital Assets in a sentence
Terms of Use Version § 4.D (not granting a security interest to users and, to the contrary, providing that “once such Eligible Digital Assets are received by Celsius .
The balance of Eligible Digital Assets loaned by you to Celsius, and any Rewards gained thereon (see further Section 12 below, “How Rewards are Calculated and Earned”) are visible via your Celsius Account.
We may lend, sell, pledge, hypothecate, assign, invest, use, commingle or otherwise dispose of assets and Eligible Digital Assets to counterparties or hold the Eligible Digital Assets with counterparties, and we will use our best commercial and operational efforts to prevent losses.
We may, from time to time and in our sole discretion, add and/or remove certain Digital Assets from our list of Eligible Digital Assets.
You may make a complete or partial withdrawal of Eligible Digital Assets from your Celsius Wallet at any time.
The Borrower shall not enter into any control or similar agreement with any third party with respect to the Eligible Digital Assets constituting Collateral (other than with the Custodian).
You may apply to borrow certain Fiat currencies or Stablecoins from an Affiliate of Celsius, as will be agreed between you and Celsius or its Affiliates in writing, against Eligible Digital Assets in your Celsius Account (each, a “Fiat Loan”).
Our Earn Rewards service allows you to earn a financing fee from Celsius, referred to as “Rewards”, in the form of Digital Assets (either in-kind, i.e. in the same Digital Asset you deliver, or in CEL Tokens, where permitted) in exchange for entering into open-ended loans of your Eligible Digital Assets to Celsius under the terms hereof.
Be advised that in some jurisdictions, due to regulatory considerations, Celsius may not provide part or all of the Services, which may include support for some Eligible Digital Assets or the CEL Token.
CelPay is Celsius’ proprietary Digital Asset tool for Celsius Users, which allows you to assign your rights with Celsius in connection with selected Eligible Digital Assets to other registered Users (see further Section 15 below, “CelPay”).