晨光BTC
--
Why I Started Paying Attention to Huma Finance: An Old Hand's Thoughts on On-Chain Credit
Did you know? I once scoffed at 'on-chain credit'.
Back then in DeFi, collateral had to be staked to the death, and once the market fluctuated, there wasn't even a chance to catch a breath. What is called 'unsecured lending' is more like a high-risk gamble, using whitelists to cover up the absence of a credit mechanism.
Until I encountered Huma Finance.
I remember it was early one morning when I was tracking a USDC flow to an off-chain supplier and accidentally clicked into Huma's protocol interface. My biggest question at the time was: how does a platform that claims to support 'income-based' credit lending actually judge credit?
Back then in DeFi, collateral had to be staked to the death, and once the market fluctuated, there wasn't even a chance to catch a breath. What is called 'unsecured lending' is more like a high-risk gamble, using whitelists to cover up the absence of a credit mechanism.
Until I encountered Huma Finance.
I remember it was early one morning when I was tracking a USDC flow to an off-chain supplier and accidentally clicked into Huma's protocol interface. My biggest question at the time was: how does a platform that claims to support 'income-based' credit lending actually judge credit?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0