In order for an asset to be used as collateral on the SALT Platform, it must meet certain eligibility requirements. First and foremost, it must be a blockchain asset. This means that the ownership of the asset must be recorded on a public or permission blockchain. Digital assets will be onboarded based off community demand.
SALT members can currently vote on future collateral types while logged in their membership dashboard. SALT is able to use a portfolio of assets as collateral for a loan. Examples of eligible collateral include Bitcoin (BTC), Ether (ETH), Litecoin (LTE), Dogecoin (DOGE), Dash (DASH), TruUSD (TUSD), and USD Coin (USDC).