Episode 1

Episode Summary

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