Episode 2

Celsius Refinance Focus:

• Closing dates emphasized, signaling intentions to Celsius by January 17th.

• Process details for loan payoff plans and refinancing coordination.

Mechanical Process for Refinancing:

• Specific steps outlined for borrowers.

• Upcoming communication from Celsius simplifying options to a yes/no response.

Collaboration with Celsius:

• Coordination efforts highlighted for loan payoffs and potential collaboration on direct earn payouts.

Operational Timelines:

• Confirmation of key dates - January 17th and January 31st.

Options for Borrowers:

• Clarification on choices - loan payoff, refinancing, or extension.

• Focus on individual circumstances for the best outcome.

Transparency and Trust:

• Acknowledgment of collateral security concerns.

• Ongoing efforts to enhance trust communicated.

Proof of Reserves and Audits:

• Recognition of transparency importance.

• Discussion on challenges involved in implementing proof of reserves or public audits.

Regulatory Updates:

• No disclosed restrictions affecting customers.

• Emphasis on maintaining a positive relationship with regulators.

Custody Concerns:

• Acknowledgment of concerns about leaving crypto assets in custody.

• Balancing security, trust, and customer preferences ongoing.

Future Product Offerings:

• Teasers about upcoming product releases.

• Mention of the Salt Lend Program and potential expansions.

Closing Remarks and Next Steps:

• Gratitude for questions and engagement.

• Commitment to ongoing communication.

• Encouragement to join future sessions for updates.