SALT SALT

$1.05
Market Cap $ 66.104 MM (#123)
24h Volume $ 626.140 K
Chg. 24h: 3.00%
Algo. score 3.6/5  (#125)
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SALT project purpose and description

SALT clarity of purpose

SALT purpose and aspects

Leverage your blockchain assets to secure cash loans. Easy application, fast process, no credit checks, competitive interest rates with no prepayment fees. Get your assets back whenever you want.

SALT categories

LendingSmart contractsPlatform

Short description

SALT lets you leverage your blockchain assets to secure cash loans. We make it easy to get money without having to sell your favorite investment.

Abstract

SALT is a membership based lending and borrowing network that allows users to leverage their blockchain assets to secure cash loans. Our Secured Automated Lending Technology is a protocol and asset agnostic architecture designed to adapt to the constantly growing class of blockchain assets. The system is designed such that, if you have an asset you want to hold on to, you can borrow the asset you want to spend, regardless of credit history or geographic constraints. The SALT Platform is automated, efficient, and cryptographically secure. It offers a compelling solution to the problem many consumers face when they need or want cash to make a purchase, but do not wish to liquidate their assets. Instead of selling, SALT enables the members of the SALT Lending Platform (Members) to leverage the value of certain digital assets, thereby giving them access to cash, offsetting tax events, avoiding exchange fees and maintaining their long position in the asset they hold. SALT is a lending platform specifically designed for blockchain assets; operating as a second layer protocol which sits atop any public or permissioned blockchain, allowing the underlying asset to be used as collateral for access to credit

Link to Roadmap: https://saltlending.com/#node6
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