A Message from SALT on our Form 10 registration statement filing
The SEC has granted SALT a 75-day extension on our Form 10 filing deadline — an option that was included in the original SEC order. As a result of this extension, the Claim Form for purchasers of the SALT Token (applicable to those who purchased SALT Tokens directly from the SALT before and including December 31, 2019) will be available 60 days after the date of the filing of the 1934 Act Registration (or on the date seven (7) days after the 1934 Act Registration becomes effective, whichever date is sooner).
This means the form will be available sometime during or before July 2021. For additional information about the claims procedure see the original SEC order.
Update: XRP and your SALT account
In light of the uncertainty created by the recent SEC complaint involving Ripple/XRP, we are pausing support for all new XRP deposits on our platform.
Withdrawals of XRP will still be enabled for all users.
If you have any questions about your loan secured by XRP, reply to this email or contact loansupport@saltlending.com.
PROMO: Want a rate as low as 1%? Just add SALT.
Calling all SALT holders ! With our latest offering, you can redeem your SALT Membership Tokens to reduce your APR on a crypto-backed loan to as low as 1%.*
Ready to use your SALT to reduce your interest rate on a crypto-backed loan? Log in to your account and use the slider to choose the amount of SALT you'd like to redeem.
Not sure if you're ready for a loan? Check your rate and required SALT redemption by using the loan calculator on our website.
*SALT Redemption Promotion. For a limited time, redeem SALT to get a loan with an APR as low as 1%. *Offer ends 12/31/2020 or after $5 million in loans have been originated. See Promo Terms and Conditions.
BITCOIN BLACK FRIDAY DEAL
Happy Bitcoin Black Friday! If you're looking to make a large purchase this holiday season, you don't have to sell your BTC to make it happen. Whether you're a miner, a hodler, or a crypto business owner, get 2% off your interest rate on a bitcoin-backed loan when you use code BTCFRIDAY.*
NEW MEMBERS: Use this link to sign up for an account and request a loan.
EXISTING MEMBERS: use code BTCFRIDAY at “checkout” when you submit your loan request.
*Use code BTCFRIDAY to reduce your interest rate by 2% when you apply for a crypto-backed loan through SALT.
Terms, Conditions, and Restrictions apply. Code expires December 31. Not available for loans over $1,000,000.
Mobile App Update
We're excited to announce that you can now apply for a loan and complete the entire loan application process from within the SALT mobile app . Apply for a loan whenever you want, wherever you are.
If you're ready for a crypto-backed loan, follow these steps to get started:
1. Download our mobile app for Android or iOS
2. Click "Get a Loan"
3. Input your desired loan amount and terms
4. Review your terms and submit your request
5. Deposit one or more collateral types to speed up the funding process. Once you've deposited crypto as collateral, we can fund your loan in as little as 24 hours.
Not ready for a loan quite yet? You can still download the app and deposit crypto to speed up the process when you're ready to request funds.
For questions, contact our loan team at +1 (720) 457-2288 or via email at loansupport@saltlending.com
SALT Stabilization: How it Works
I’ve Been Stabilized. What’s Next?
When your Loan-to-Value ratio (LTV) exceeds 90.91%, we stabilize your loan by converting all of your volatile assets into stablecoin (USDC).
At this point, you will notice that your USDC wallet reflects the total US Dollar value of your combined portfolio. Each collateral wallet balance will show $0. Don’t panic!
How do I convert back to my original assets?