SALT charges 9.95%–14.45% APR with a 1% origination fee using custodial. Strike charges 7.49%–10.5% APR with $0 origination fees using custodial. See the full breakdown of rates, thresholds, and custody risk below.
Rates verified 2026-06-09
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 $29,500 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% | $11,950 | $10,500 | $1,450 with Strike |
| $250,000 | 10.95% | 10% | $29,875 | $25,000 | $4,875 with Strike |
| $500,000 | 10.95% | 10% | $59,750 | $50,000 | $9,750 with Strike |
| $1M | 10.95% | 9% | $119,500 | $90,000 | $29,500 with Strike |
| $5M | 10.95% | 7.49% | $597,500 | $374,500 | $223,000 with Strike |
Total year-1 cost includes annualized interest plus origination fees. SALT: 1% origination fee. Rates sourced from each lender's public rate pages as of 2026-06-09.
Both SALT and Strike use similar custody approaches: custodial and custodial 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. 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 with 7.49%–10.5% APR.
On a $250,000 loan, Strike costs $25,000 in the first year versus $29,875 at SALT, a difference of $4,875. Part of SALT's higher cost comes from its 1% origination fee, which adds $2,500 upfront on this loan size. 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. 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 (1/3/5-yr terms; 1-yr shown — longer terms cost up to 3% more). 1% origination fee. Strike: Monthly-payment interest rates shown (10.5% = 11.
Strike is cheaper. On a $500,000 loan held for 12 months, SALT costs $59,750 (10.95% APR + 1% origination fee) while Strike costs $50,000 (10% APR). That is a $9,750 difference in the first year.
SALT uses custodial. Strike uses custodial. Both platforms present similar custody risk profiles.
SALT's minimum loan is $5,000. 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 $5,000) is better for borrowers who value custodial and need smaller loan access. Strike (7.49%–10.5% APR, custodial, min $10,000) is better for borrowers who value custodial and prefer this platform's lending structure. 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.