SALT Lending (SALT): tokenomics, risks and score
An early crypto backed lending platform whose token gave membership benefits, and which was charged by the SEC over its unregistered token sale.
What SALT Lending is, and what it does
This asset has failed. It is recorded here so that a search returns what actually happened rather than promotional material that is still online.
What the SALT token itself does: Holding it reduces your costs on the platform, which creates demand only from people who use it heavily.
Where it runs: Ethereum. Mechanism: Centralised crypto backed lending. It has been running since 2017, so roughly 9 years.
The facts
- TICKER
- SALT
- SECTOR
- Failed and defunct
- CHAIN
- Ethereum
- LAUNCHED
- 2017, so around 9 years of operating history
- MECHANISM
- Centralised crypto backed lending
- MAXIMUM SUPPLY
- 120 million
- VALUE CAPTURE
- Fee discount
- UPGRADE CONTROL
- Team controlled
- VESTING
- Complete
- LIQUIDITY BAND
- Micro cap. Thin, often a single venue or pool. Treat the quoted price as indicative only.
How the score breaks down
Each dimension is explained on the directory page, and the reasoning behind it is taught in the Academy research process.
Supply and value capture
A hard maximum supply that cannot be raised without the agreement of essentially every participant. Holding reduces costs on the platform, which creates demand only from heavy users.
The founding team retains control over upgrades or parameters. Ownership is heavily concentrated. A small number of wallets hold enough to determine the price on their own.
Where it is strong and where it is not
- None. The business is no longer meaningfully operating.
- Settled with the SEC over an unregistered securities offering
- Froze customer withdrawals during the 2022 lending crisis
- The token provided membership benefits that no longer meaningfully exist
- No ongoing development or operation
Incident history
Settled with the SEC over conducting an unregistered securities offering, agreeing to a refund process for investors.
Froze withdrawals during the wider crypto lending crisis, leaving customers unable to access funds.
Our read
The main risk
The business is no longer meaningfully operating and it froze customer withdrawals in 2022.
Before you buy anything
Check the contract address against the project's own documentation rather than a search result or a screener link, since impersonation tokens with identical names and logos are listed constantly. Check the order book depth before assuming you can exit at the quoted price. And write down what would make you wrong before you buy, not after. The Academy thesis module covers why that single habit protects more capital than any indicator.