The SALT collateral wallet is a multi-signature blockchain wallet that stores collateral and automatically enforces lending terms. We call it our Secured Automated Lending Technology.
Key features of the SALT Wallet:
- Monitoring of both the loan origination and the payments made by the borrower to the lender
- Monitoring of the value of the blockchain asset held as collateral
- Generation of alerts if the value of the blockchain asset drops below an agreed upon threshold
- Triggering of maintenance calls
- Storage of collateral until loan terms are fulfilled
- Dispersal and or liquidation of collateral according to loan terms