Episode 1

Celsius Refinancing Overview:

• Plan approved in December

• Effective date by end of January

• Loan funding starts on effective date

• Loan requests with SALT by January 15th

Loan Process and Details:

• Steps before/after effective date

• Three loan types available

• Collaboration with Celsius

Questions and Answers:

• Crypto distribution, Bitcoin loan specifics

• Full collateral back for SALT loans

• Incentives for refinancing

Lend Investment Opportunities:

• SALT lending platform for accredited investors

• Earning interest income by lending capital

Audience Questions:

• California resident loans

• Excess collateral return

• Incentives for paying off loans

Loan Repayment and Collateral Liquidation:

• Discussion on borrowers' process

• Negotiations to avoid liquidation

• Liquidation price for Bitcoin collateral

Tax Implications:

• Discussion on tax implications

• Consideration of theft conversion

Loan Refinancing:

• SALT's role and benefits

• Simplifies distribution process

• Avoids limitations from other platforms

Flexibility and Process:

• Dynamic nature of loans

• Interest rates and agreement details

• Loan application process

California Servicing and Jurisdictions:

• Efforts to resolve California issues

• Discussion on lending opportunities in different jurisdictions

Final Call for Questions:

• Encouragement to ask questions

• Multiple channels for inquiries

BlockFi Situation:

• Acknowledgment of discussion

• Suggestion to contact BlockFi directly

Refinancing Process:

• Open to refinancing at any time

• Challenges during platform bankruptcy

Loan Payoff and Collateral Release:

• 30-day notice for decision

• Contradiction in previous information

• Effective date guidance by end of January

Celsius Closure Impact:

• Focus on helping Celsius borrowers

• Challenging times for the community

Community Engagement:

• Gratitude for questions and support

• Upcoming sessions planned

• Wishing a happy new year and a better 2024