Lab Radio

What is SALT Lending? On episode 72 of LAB Radio, we are joined by Rob Odell, VP Product and Marketing from SALT Lending to discuss what's new with SALT. SALT is a lending platform that uses crypto as collateral. It's a simple yet brilliant platform to allow users to leverage their existing crypto portfolio to leverage against a fiat loan.  How does it work? For example, you own 5 bitcoins and need $25K to put a new roof on your house. Let's assume 1 Bitcoin is valued at $10K and you believe Bitcoin will rise in value from $10K to $50K in the next 3 years. Instead of selling 2.5 BTC, you could leverage your 5 BTC at a 50% Loan To Value (LTC) ratio. You would receive a $25K interest only loan with minimal interest payments due monthly and the balance due in the last month of the loan.  Let's say Bitcoin never reaches $50K, but it does hit $25K at 24 months into the loan. In this scenario you could close out your loan by selling 1 BTC instead of the original 2.5 BTC you were going to have to sell.  On the flip