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๐ก๐งง The next decade of on-chain credit begins with Huma Finance
In the past decade, financial innovation in blockchain has mostly concentrated on one core logic: exchanging existing assets for liquidity.
Whether it is Bitcoin collateralized loans or over-collateralized lending in DeFi, it essentially boils down to 'how many assets you have determines how much funding you can borrow'.
This model is secure but extremely exclusive.
Billions of people with stable incomes globally are forever blocked from the doors of on-chain finance due to the lack of pledgeable cryptocurrency assets.
๐ The other side of the real world: The overlooked 'credit population'
World Bank data shows that about 1.7 billion adults globally do not have bank accounts, but 65% of them have a stable source of income - they might be foreign trade factory workers, remote programmers, cross-border freelancers, or small merchants.
Whether it is Bitcoin collateralized loans or over-collateralized lending in DeFi, it essentially boils down to 'how many assets you have determines how much funding you can borrow'.
This model is secure but extremely exclusive.
Billions of people with stable incomes globally are forever blocked from the doors of on-chain finance due to the lack of pledgeable cryptocurrency assets.
๐ The other side of the real world: The overlooked 'credit population'
World Bank data shows that about 1.7 billion adults globally do not have bank accounts, but 65% of them have a stable source of income - they might be foreign trade factory workers, remote programmers, cross-border freelancers, or small merchants.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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