Episode 5

Episode Summary

Effective Date Confusion:
- Effective date is January 16th.
- Uncertainty about pricing based on effective date or noon of the payment day.
Liquid Crypto Percentage:
- Initial amount: 57.9%.
- Disputes and questions regarding the severity of the haircut.
Distribution Order:
- Discussions on excess liquidity distribution.
- Order of earn and borrower distributions.
Refinance Timelines:
- Estimated for second week of February.
- Pending confirmation of specifics.
- Expected in 1.5 to 2.5 weeks.
- Subject to operational considerations.
Earn Distributions:
- Active distributions ongoing.
- Primary methods: Coinbase and PayPal.
- Encouragement to initiate promptly.
High LTV Concerns:
- Concerns raised about potential high LTVs.
- Discussions on possible solutions.
Insights from Participants:
- Sharing insights into effective dates and pricing strategies.
- Updates on the Celsius community.
Discrepancy Mention:
- Mention of a 1.8 billion discrepancy.
- Speculation about its impact on creditors.
Fluid Situation Acknowledgment:
- Hosts understand the fluid situation.
- Encouragement for engagement and questions from listeners.

Specific Updates:

Price Peg Update:
- Effective date: 15 days prior.
- Approximately Ethereum: $2,500, and approximately Bitcoin: $42,800.
Haircut:
- 57.9% for excess collateral or earn.
- Ongoing discussions about severity.
California Refis:
- Actively working on servicing within California.
- Expecting approval based on regulator conversations.
Hawaii Jurisdiction Challenge:
- Seeking clarification on direct earnings transfer for users in restrictive jurisdictions into SALT wallet address.
Loan-to-Value (LTV) Discussion:
- Users with lower LTVs (50% and below) may discuss collateral requirements.
Closing Remarks:
- Encouraging users to reach out for questions through official channels.
- AMA serves as a platform for ongoing communication.
- For more info visit saltlending.com or email [email protected]