well... the way you puted things it looked like you meant, every one operates like a ponzi scheme... they take your money, lend it and hope not all lenders ask for they loaned amount at the same time!!
Insurance works this way, not the world of credit. Credit practice is giving loans for collateral, if that's done properly, there won't be the kind of crisis your saying.
Celcius, may just be facing a liquidity crunch because of steth depeg from ETH and its massive exposure to stETH.. I think that's bad luck as well...
this does not mean all function like NPA banks do...or function like Govt, and big banks... printing excess money etc...
well... the way you puted things it looked like you meant, every one operates like a ponzi scheme... they take your money, lend it and hope not all lenders ask for they loaned amount at the same time!!
Insurance works this way, not the world of credit. Credit practice is giving loans for collateral, if that's done properly, there won't be the kind of crisis your saying.
Celcius, may just be facing a liquidity crunch because of steth depeg from ETH and its massive exposure to stETH.. I think that's bad luck as well...
this does not mean all function like NPA banks do...or function like Govt, and big banks... printing excess money etc...
There I think is a false perception!!