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AssigneeSALT Lending Holdings, Inc.
InventorsMatthew Hill, Gregg Bell, Shawn Owen
Estimating the term…
A multisig digital asset wallet stores collateral for a loan between a borrower and a lender. The borrower and lender agree to loan terms including collateralization requirements. Over the course of the loan repayment period, a Loan-to-Value (LTV) ratio between the digital asset collateral and the loan principal balance will change due to fluctuations in the market exchange value of the digital asset and a declining loan principal balance due to regular loan repayments by the borrower. If the LTV exceeds the collateral requirements by an overage amount, then the borrower may sign a transaction and request signatures from other participants to withdraw funds from the multisig collateral wallet. If the LTV fails to satisfy the collateral requirements, participants may spend funds from the multisig collateral wallet to improve the LTV, catch up after a missed payment by the borrower, or pay down the loan principal.
A method of originating a loan with a digital asset collateral wallet, the method comprising:
A system for managing a loan collateralized by one or more digital assets, the system comprising:
A method of liquidating digital asset collateral to cure a loan-to-value (LTV) imbalance on a digital asset collateralized loan, the method comprising:
Dependencies are inferred from the claim text.