SALT Lending is a platform that provides Blockchain-Backed Loans. SALT ( or Secured Automated Lending Platform) enables users to put their crypto up as collateral in exchange for a cash loan. This strategy is effective if users need to pay-off an unexpected expense or want to make a big purchase without having to sell-off their Blockchain assets.
SALT was founded in 2016 by a group of Bitcoin enthusiasts who aimed to prove that people didn’t need to compromise their lifestyle or forego their needs in order to pursue a long-term outlook on cryptocurrency. They introduced asset-backed lending to the cryptocurrency marketplace, providing a new level of versatility to digital asset holders.
Fast-forward to today, and SALT is now a company that builds not only crypto-backed lending technology, but also scalable institutional-grade crypto custody and Blockchain monitoring products. SALT believes that the faster the world embraces digital asset technology, the more effective money can be for all of humanity.