About the coin

SALT is a platform that provides crypto-backed loans, enabling users to leverage their cryptocurrency holdings without the need to sell them. This service is particularly appealing to those who wish to maintain their investment positions while accessing liquidity for various financial needs.

Main features

SALT loans are unique in that they do not rely on traditional credit scores. Instead, they use the borrower's crypto assets as collateral. This approach allows for a more inclusive lending process, catering to individuals who may not have a strong credit history but possess valuable cryptocurrency assets. The platform offers loans starting from $1,000, with fixed interest rates ranging from 8.95% to 14.45% APR. Borrowers can access up to 70% of the loan-to-value (LTV), providing significant flexibility in terms of loan amounts.

How it works

The loan process with SALT is straightforward. Users can apply for a loan by pledging their cryptocurrency as collateral. The platform then evaluates the value of the crypto assets and determines the loan amount based on the LTV ratio. Loans come with 12-month terms and do not incur prepayment fees, allowing borrowers to repay their loans early without additional costs. This structure is designed to offer a flexible and user-friendly experience for crypto holders seeking financial solutions.