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josephharris (53) in salt • 7 years ago (edited)

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7 years ago by josephharris (53)

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colinbrazendale (66) · 7 years ago

Great article @josephharris

Question 1: What is the lending fee against your own collateral?

Question 2: Buy lending on your own money you are creating more currency, or not? Like the banks use the bank multiplier? What I mean is, you use the money you just borrowed on your own collateral, keep 5% and deposit the other 95% again into SALT. So your collateral grows bigger.

Thanks

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2 votes

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josephharris (53) · 7 years ago

To be honest, I'm not sure of the answers here. You'd probably be better off joining their Telegram group and asking the SALT team themselves.
You can find their Telegram here: tg://join?invite=BmtZ5kKgf4ekiNLggHRDmQ
Sorry I couldn't be more useful.

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pjcswart (65) · 7 years ago

Yeah good question

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atta09 (63) · 7 years ago

Good job my friend @josephharris

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3 votes

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pjcswart (65) · 7 years ago

Yeah good job I would agree with that!

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1 vote

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th1nkfast (56) · 7 years ago

Actually this post was very salty. lol

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2 votes

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pjcswart (65) · 7 years ago

I agree! Incredibly salty!

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tomreidar (34) · 7 years ago

Very informative article, thumbs up for you work.

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1 vote

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fred101 (54) · 7 years ago

Thanks, you summed up exactly what I was thinking. I've seen people interested in SALT and I think the lending side sounds great but I see no potential value in the actual token.

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1 vote

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darren.lipschitz (12) · 7 years ago

Great article. Thanks for all the info.

SALT will really help stabalise the markets and definitely something I will invest in.

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1 vote

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minnowpond1 (48) · 7 years ago

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scalerman (46) · 7 years ago

Can the borrower use any crypto they want? . I think I'd rather lend through an exchange like Bitfinex

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josephharris (53) · 7 years ago

At the moment borrowers can use BTC, ETH, or XRP, but I think SALT plans to add more collateral options in the future.
They’ve also said that other websites will be able to integrate their platform in, so an exchange could one day be using SALT in the background for their lending.

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1 vote

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scalerman (46) · 7 years ago

Thanks on clearing that up @josephharris!

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1 vote