SALT charges 9.95%–14.45% APR with a 1% origination fee using custodial. Debifi charges 10%–14% (P2P) APR with a 1.5% origination fee using collaborative multisig (3-of-4, borrower holds a key). See the full breakdown of rates, thresholds, and custody risk below.
Rates verified 2026-06-09
SALT offers a lower headline rate at 9.95%–14.45% compared to Debifi's 10%–14% (P2P). On a $1M loan held for 12 months, SALT saves $15,500 in total first-year cost (interest plus origination fees). From a custody perspective, Debifi presents lower counterparty risk with its collaborative multisig (3-of-4, borrower holds a key) model.
SALT structures rates by LTV ratio rather than loan amount, so the rate depends on how much collateral you pledge relative to the loan. Total year-1 cost includes both annualized interest and any origination fees charged upfront.
| Loan Size | SALT APR | Debifi APR | SALT Total Year-1 Cost | Debifi Total Year-1 Cost | Savings |
|---|---|---|---|---|---|
| $100,000 | 10.95% | 12% | $11,950 | $13,500 | $1,550 with SALT |
| $250,000 | 10.95% | 12% | $29,875 | $33,750 | $3,875 with SALT |
| $500,000 | 10.95% | 12% | $59,750 | $67,500 | $7,750 with SALT |
| $1M | 10.95% | 12% | $119,500 | $135,000 | $15,500 with SALT |
| $5M | 10.95% | 12% | $597,500 | $675,000 | $77,500 with SALT |
Total year-1 cost includes annualized interest plus origination fees. SALT: 1% origination fee. Debifi: 1.5% origination fee. Debifi rates are set by the lending marketplace; the table uses a representative recent rate. Rates sourced from each lender's public rate pages as of 2026-06-09.
SALT and Debifi take fundamentally different approaches to collateral custody. SALT uses Custodial. Your Bitcoin is held by SALT and could be at risk in the event of a hack, insolvency, or regulatory action. Debifi uses Collaborative multisig (3-of-4, borrower holds a key). Multiple key holders must coordinate to move funds, reducing single-point-of-failure risk but still requiring trust in the key coordination process.
SALT triggers margin calls at 83.33% LTV and liquidates at 90.91% LTV. Debifi triggers margin calls at 75% LTV and liquidates at 90% LTV. SALT gives borrowers 48 hours to respond to a margin call. Debifi uses threshold-based triggers without a fixed response window.
| Threshold | SALT | Debifi |
|---|---|---|
| Max Starting LTV | 70% | 70% |
| Margin Call | 83.33% LTV | 75% LTV |
| Margin Call Window | 48 hours | Threshold-based |
| Liquidation | 90.91% LTV | 90% LTV |
SALT: 20.9 percentage point buffer between starting LTV (70%) and liquidation (90.91%). Debifi: 20.0 percentage point buffer between starting LTV (70%) and liquidation (90%). SALT provides a wider safety margin.
Choosing between SALT and Debifi requires evaluating total cost, custody risk, and which platform aligns with your borrowing profile. SALT uses custodial with 9.95%–14.45% APR, while Debifi uses collaborative multisig (3-of-4, borrower holds a key) with 10%–14% (P2P) APR.
On a $250,000 loan, SALT costs $29,875 in the first year versus $33,750 at Debifi, a difference of $3,875. Part of Debifi's higher cost comes from its 1.5% origination fee, which adds $3,750 upfront on this loan size.
The custody difference is material. Debifi uses collaborative multisig (3-of-4, borrower holds a key), which means your Bitcoin requires multiple key holders to coordinate, reducing single-point-of-failure risk. SALT uses custodial. In a platform insolvency scenario, Debifi borrowers' collateral is protected by the multisig architecture, while SALT borrowers may face creditor claims.
SALT is the better fit for borrowers who need smaller loans or instant access. Debifi is the better fit for borrowers who need smaller loans or more flexible access.
Key details to be aware of: SALT: Rates vary by LTV x term matrix (1/3/5-yr terms; 1-yr shown — longer terms cost up to 3% more). 1% origination fee. Debifi: P2P marketplace — institutional lenders set rates per offer: typically 10-14% APR (observed range ~9.5-21.
SALT is cheaper. On a $500,000 loan held for 12 months, SALT costs $59,750 (10.95% APR + 1% origination fee) while Debifi costs $67,500 (12% APR + 1.5% origination fee). That is a $7,750 difference in the first year.
SALT uses custodial. Debifi uses collaborative multisig (3-of-4, borrower holds a key). Debifi presents lower custody risk because your collateral requires coordination among multiple key holders.
SALT's minimum loan is $5,000. Debifi's minimum is $5,000. Both have the same minimum.
SALT issues a margin call at 83.33% LTV with a 48-hour response window and liquidates at 90.91% LTV. Debifi issues a margin call at 75% LTV (threshold-based, no fixed window) and liquidates at 90% LTV. Starting from a 50% LTV, SALT provides a 41-point buffer before liquidation, while Debifi provides a 40-point buffer.
It depends on your priorities. SALT (9.95%–14.45% APR, custodial, min $5,000) is better for borrowers who value custodial and need smaller loan access. Debifi (10%–14% (P2P) APR, collaborative multisig (3-of-4, borrower holds a key), min $5,000) is better for borrowers who value collaborative multisig (3-of-4, borrower holds a key) and need smaller loan access. Use the rate table and cost comparison above to model your specific scenario.
Lygos offers 10% APR, $0 origination fees, and DLC-secured collateral where rehypothecation is cryptographically impossible.