Cryptocurrency Q&A
What is salt lending?
What is salt lending?
WindRider
Tue Nov 26 2024
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7 answers
1717
I heard about salt lending and I'm curious to know more about it. Could someone explain what salt lending is and how it works? I'm particularly interested in its background and the purpose it serves.
7 answers
Leonardo
Thu Nov 28 2024
It operates on a different principle compared to traditional loans. Traditional loans often consider your credit score as a primary factor in determining your eligibility.
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Maria
Thu Nov 28 2024
By using cryptoassets as collateral, borrowers can avoid the potential capital gains tax implications that may arise from selling their cryptocurrencies.
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Michele
Thu Nov 28 2024
In contrast, a SALT loan is backed by assets. This means that the cryptoassets you possess serve as collateral for the loan.
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JejuJoyful
Thu Nov 28 2024
This approach provides a novel way for crypto enthusiasts to access funds while maintaining ownership of their digital assets.
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ShintoMystery
Thu Nov 28 2024
A SALT loan is a unique financial product tailored to assist individuals in holding their cryptoassets.
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