The PayFi track feels like it's about to become very popular. Huma Finance can be considered the first mover, integrating payment and financing infrastructure to focus on on-chain credit based on real income.
Traditional crypto lending always revolves around 'collateral'. Huma directly jumps out of this framework, using future income streams as backing, allowing loans without collateral, and the limits can be as high as 70%-90% of future income. This approach is more in line with the needs of ordinary people, as not everyone has a large amount of cryptocurrency as collateral.
Currently, this project's valuation is far behind XRP. Although XRP is strong, PayFi is a new species that connects the real economy with on-chain finance, potentially having a higher ceiling. Personally, I believe this undervalued state won't last long and is worth paying more attention to.
