Welcome to Blockchain Backed Loans
The SALT Lending Platform allows holders of blockchain assets to leverage their holdings as collateral for cash loans. SALT is the first asset-backed lending platform to give blockchain asset holders access to liquidity without them having to sell their tokens. SALT provides investors with an innovative and secure opportunity to lend against a high-growth asset class through a fully-collateralized debt vehicle. SALT is traditional lending secured by non-traditional collateral.
How does it work?
- Loan Creation – A borrower sends collateral to the SALT collateral wallet and funds are transferred to the borrower’s bank account. Collateral remains the property of the borrower and any price appreciation or depreciation belongs to the borrower.
- Loan Repayment – A borrower makes timely, periodic payments to the lender.
- Loan Completion – Upon repayment of the loan, the borrower’s collateral is returned.
For more detailed info please refer to the SALT official website FAQ Page HERE
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