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RE: SALT Lending — Hold your assets, get your cash.
This is a pretty clever concept. Do SALT hold your tokens as collateral until you have paid your debt in full?
This is a pretty clever concept. Do SALT hold your tokens as collateral until you have paid your debt in full?
Yep exactly. The borrower hands over the asset, receives their loan, makes payments over time, and the asset is released once the loan is paid. The borrower retains ownership of the asset, and can also even sell the asset to repay the loan if they need to. Check out their FAQ they've done a good job.
Looks like it just moved to the next tier of $5! The $3 tier went by so fast, I was watching it.
I think the next one after this is $7.50
Tanks for the information 😉👌
Look at my post please. https://steemit.com/bitcoin/@inversor/blockstream-is-using-satellites-to-beam-bitcoin-down-to-earth
Saying that though, it is ok if the value of your token goes up or stays the same. What if it falls? You would find yourself in negative equity, where the value you have to pay back is more than the asset is worth.
Although I guess it is the same with any loan against an asset.
Found that answer for you: