1. Loan Creation - A borrower sends collateral to the SALT collateral wallet and funds are transferred to the borrower’s bank account. Collateral remains the property of the borrower and any price appreciation or depreciation belongs to the borrower.
2. Loan Repayment - A borrower makes timely, periodic payments to the lender.
3. Loan Completion - Upon repayment of the loan, the borrower’s collateral is freely available for withdrawal.