SALT

SALT presents a polarized investment profile, resulting in a weighted score of 4.56. The project's primary strengths lie in its Tokenomics (6.5/10), characterized by a fixed supply with no inflation and clear utility for reducing loan interest rates, and its Market Use Case (6/10), which addresses a genuine demand for crypto-backed liquidity. The Team (6/10) has also demonstrated resilience by recapitalizing the platform following the 2022 market collapse. However, these positives are heavily outweighed by severe structural and historical risks. The project operates as a centralized 'black box' with virtually no open-source presence (Active Development 2.8/10) or decentralized governance. Most critically, the Security and Audit History (2.5/10) reveals major red flags, including a history of regulatory fines (SEC, California DFPI), operational negligence regarding counterparty risk (FTX exposure leading to paused withdrawals), and a lack of public smart contract audits. Consequently, SALT functions more as a corporate loyalty point for a recovering fintech company than a decentralized cryptocurrency. While the product is functional and updated, the reliance on a centralized entity with a checkered risk management history makes this a precarious asset.