SALT is a token of a borrowing and lending network using users' cryptocurrency repositories as collateral. SALT tokens are required to participate on the platform and receive loans.

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When actual finance guys get into AI infra, they think of actually smart ways to finance their growth re: don't sell equity for GPUs.

"We negotiated with them to find a schedule for how much collateral to go into it, what the depreciation schedule was going to be versus the payoff schedule," said Michael Intrator, chief executive at CoreWeave.

"For us to go out and to borrow money against the asset base is a very cost effective way to access the debt markets."

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What's a chip worth? For CoreWeave, it's worth $2.3bn in funding. A lesson in creative deal structuring and the power of asset-backed borrowing. What other assets would you borrow against?

What's a chip worth. For CoreWeave, it's worth $2. 3bn in funding.