Unlike a traditional loan that takes your credit score into account, a SALT loan is an asset-backed loan in which your cryptoassets act as collateral for your line of credit. Once you pay back your loan, we’ll return your assets to you.
* Available rates and terms are subject to change and may vary based on loan amount, qualifications, jurisdiction, and collateral profile. Other terms, conditions, and restrictions may apply.
Create a SALT account and complete identity verification
Select your borrowing preferences and submit your loan application
Send assets to your unique, multi-signature SALT collateral wallet
Once approved, receive cash, TUSD, or USDC directly to your account
Do you hold several cryptocurrencies? Use a combination of them to get a loan and get funds in USD or Stablecoin.
We’ve partnered with Fireblocks– a trusted custody management platform that many top crypto companies rely on for the safe, secure transfer of collateral assets– and are excited about their approach to MPC technology primarily because it means enhanced security for you as well as faster transactions for both SALT and our customers.
Similar to Fireblocks, SALT maintains Cyber Insurance, meaning the company will be covered in the event of cyber-related incidents (e.g. cyber breaches, cyber extortion, technology errors or failures, loss of data assets, etc.) as well as theft of crypto assets resulting from such incidents. Fireblocks’ eCrime Event coverage also covers assets in transit.
We recently announced our new custody agnostic approach, which allows us to distribute risk, enhance security, reduce interest rates, fund loans more swiftly, and focus on expanding our suite of wealth preservation products.
Our custody process and custody partners, like Fireblocks, require multi-user authorization, meaning that access to your assets never hinges on one individual. You can count on us to be available to return your assets.
I am extremely pleased with the support I got. They put an extra effort in to help me get the answers I wanted. I can surely work with a company with such great client service.
Once your loan has been paid back in full, you’ll be able to request a withdrawal to have your assets returned to you. Please note it may take up to 2 business days to process your withdrawal.
If there is a drastic dip in the market and the value of your collateral declines, it will cause your loan-to-value ratio (LTV) to rise. If your LTV reaches our stabilization threshold of 90.91%, we will convert your entire crypto portfolio to stablecoin (USDC) to preserve its value. After stabilization is complete, you may deposit additional collateral or make a payment to reduce your LTV to below 83.33%, at which point you will have the option to re-enter the market. You may request that we convert your portfolio back to its original crypto mix or to another mix or single cryptocurrency of your choice. To learn more about SALT Stabilization visit https://saltlending.com/stabilization.