SALT is a blockchain-based lending platform on which users can deposit a cryptocurrency and receive a loan in another currency (including fiat currencies). This means that a user can leverage their blockchain assets as collateral without having to convert them into another currency. SALT focuses on a user’s blockchain assets (collateral) instead of their credit score (which is made completely irrelevant), making the application process much easier and faster. All collateral assets are stored securely in architecture that has been audited by security professionals to provide confidence to users. The SALT Lending application makes it easy for users to manage their collateral, loans, and repayments.
SALT (SALT) Ethereum tokens allow a person to upgrade their membership level on the SALT platform in a transparent and open way.