jhoselinb
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#HumaFinance What problem does Huma Finance seek to solve?
Traditionally, in DeFi, obtaining a loan requires over-collateralization with cryptocurrencies (i.e., depositing more value in crypto than one wishes to borrow). This excludes many individuals and companies that have stable incomes but do not own a large amount of crypto assets. Huma Finance addresses this limitation by introducing a "Payment Financing" (PayFi) model on-chain. @Huma Finance 🟣
Traditionally, in DeFi, obtaining a loan requires over-collateralization with cryptocurrencies (i.e., depositing more value in crypto than one wishes to borrow). This excludes many individuals and companies that have stable incomes but do not own a large amount of crypto assets. Huma Finance addresses this limitation by introducing a "Payment Financing" (PayFi) model on-chain. @Huma Finance 🟣
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