I like the idea, and if used the right way it should help a lot of people that use crypto. I know I had to sell some of my bitcoins in order to pay some bills, and that was when bitcoin was still under $1000. So now those bills were definitely overpaid. If salt existed at that time it would saved me a lot of cash. I only see one problem with salt, and that is regulation. They will probably need to pass a lot of barriers before they can loan money like that, because that is normally only allowed by banks and credit companies, so I'm not sure they will be able to do it, using crypto as collateral. I hope they can, because their service looks nice.
The last problem will probably be related to how people use it. I'm afraid a lot of people will use salt as a way to get leverage. They ask for a loan, and then they buy crypto again, hoping that alone will give them profit to pay the loan. This could end badly for users and loaners if crypto falls after a loan, but let's see how it plays.
I totally agree with you In the end it will be all about people how it will use it
. And I am scared about the same point you say " I'm afraid a lot of people will use salt as a way to get leverage. They ask for a loan, and then they buy crypto again, hoping that alone will give them profit to pay the loan." we are still just only people envious, rude, selfish and especially unpromising - some of us
. We will see. But for invest this project is very good.