In the wave of innovation in Web3, an exciting concept is emerging: transforming the sources of income in our daily lives into liquidity assets on the Blockchain. This attempt to seamlessly connect the real world with digital finance is the core idea of the PayFi network being developed by the Huma Finance team.
This innovative platform is challenging the inherent models of traditional decentralized finance (DeFi). Unlike the high collateral requirements commonly found in traditional DeFi, the PayFi network adopts a brand new lending model based on 'future cash flows'. This means that users do
View OriginalThis innovative platform is challenging the inherent models of traditional decentralized finance (DeFi). Unlike the high collateral requirements commonly found in traditional DeFi, the PayFi network adopts a brand new lending model based on 'future cash flows'. This means that users do