Episode 5

• 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]