SALT charges 9.95%–14.45% APR with $0 origination fees using custodial. Strike charges 7.49%–10.5% APR with $0 origination fees using custodial (proof-of-reserves for 50+ btc). See the full breakdown of rates, thresholds, and custody risk below.
Rates verified 2026-05-14
Strike advertises a lower headline rate at 7.49%–10.5% compared to SALT's 9.95%–14.45%. On a $1M loan held for 12 months, Strike saves $14,500 in total first-year cost (interest plus origination fees).
Strike offers tiered rates that decrease with larger loan amounts, while SALT structures rates by ltv. Total year-1 cost includes both annualized interest and any origination fees charged upfront.
| Loan Size | SALT APR | Strike APR | SALT Total Year-1 Cost | Strike Total Year-1 Cost | Savings |
|---|---|---|---|---|---|
| $100,000 | 10.95% | 10.5% | $10,950 | $10,500 | $450 with Strike |
| $250,000 | 10.95% | 9.5% | $27,375 | $23,750 | $3,625 with Strike |
| $500,000 | 10.95% | 9.5% | $54,750 | $47,500 | $7,250 with Strike |
| $1M | 10.95% | 9.5% | $109,500 | $95,000 | $14,500 with Strike |
| $5M | 10.95% | 7.49% | $547,500 | $374,500 | $173,000 with Strike |
Total year-1 cost includes annualized interest plus origination fees. Rates sourced from each lender's public rate pages as of 2026-05-14.
Both SALT and Strike use similar custody approaches: custodial and custodial (proof-of-reserves for 50+ btc) respectively. SALT uses Custodial. Your Bitcoin is held by SALT and could be at risk in the event of a hack, insolvency, or regulatory action. Strike uses Custodial (proof-of-reserves for 50+ BTC). Your Bitcoin is held by Strike and could be at risk in the event of a hack, insolvency, or regulatory action.
SALT triggers margin calls at 83.33% LTV and liquidates at 90.91% LTV. Strike triggers margin calls at 70% LTV and liquidates at 85% LTV. SALT gives borrowers 48 hours to respond, while Strike provides 72 hours.
| Threshold | SALT | Strike |
|---|---|---|
| Max Starting LTV | 70% | 50% |
| Margin Call | 83.33% LTV | 70% LTV |
| Margin Call Window | 48 hours | 72 hours |
| Liquidation | 90.91% LTV | 85% LTV |
SALT: 20.9 percentage point buffer between starting LTV (70%) and liquidation (90.91%). Strike: 35.0 percentage point buffer between starting LTV (50%) and liquidation (85%). Strike provides a wider safety margin.
Choosing between SALT and Strike requires evaluating total cost, custody risk, and which platform aligns with your borrowing profile. SALT uses custodial with 9.95%–14.45% APR, while Strike uses custodial (proof-of-reserves for 50+ btc) with 7.49%–10.5% APR.
On a $250,000 loan, Strike costs $23,750 in the first year versus $27,375 at SALT, a difference of $3,625. Strike charges no origination fee, so the only cost is interest.
Both platforms use similar custody approaches. SALT operates via custodial, and Strike uses custodial (proof-of-reserves for 50+ btc). Neither platform rehypothecates borrower collateral.
SALT is the better fit for borrowers who need smaller loans or instant access. Strike is the better fit for borrowers who are borrowing $10,000 or more and prefer this platform's specific features.
Key details to be aware of: SALT: Rates vary by LTV x term matrix. 'Stabilization' at 90. Strike: 0.79% fee if repaying with BTC collateral, 0.
Strike is cheaper. On a $500,000 loan held for 12 months, SALT costs $54,750 (10.95% APR) while Strike costs $47,500 (9.5% APR). That is a $7,250 difference in the first year.
SALT uses custodial. Strike uses custodial (proof-of-reserves for 50+ btc). Both platforms present similar custody risk profiles.
SALT's minimum loan is $1,000. Strike's minimum is $10,000. SALT is more accessible for smaller borrowers.
SALT issues a margin call at 83.33% LTV with a 48-hour response window and liquidates at 90.91% LTV. Strike issues a margin call at 70% LTV with a 72-hour response window and liquidates at 85% LTV. Starting from a 50% LTV, SALT provides a 41-point buffer before liquidation, while Strike provides a 35-point buffer.
It depends on your priorities. SALT (9.95%–14.45% APR, custodial, min $1,000) is better for borrowers who value custodial and need smaller loan access. Strike (7.49%–10.5% APR, custodial (proof-of-reserves for 50+ btc), min $10,000) is better for borrowers who value custodial (proof-of-reserves for 50+ btc) and prefer this platform's lending structure. Use the rate table and cost comparison above to model your specific scenario.
Already borrowing with Strike? See your interest savings, terms head-to-head, and counterparty risk on your own numbers.
Open Compare LendersLygos offers 10% APR, $0 origination fees, and DLC-secured collateral where rehypothecation is cryptographically impossible.