Huma Finance: Empowering individual users to achieve financial autonomy
In the traditional financial system, individual users often find themselves in a vulnerable position, facing numerous restrictions on financial services. Huma Finance's PayFi model aims to return financial autonomy to every individual user.
Through Huma Finance, individual users can use their future income streams as collateral to obtain loans, enabling them to realize their consumption, investment, or entrepreneurial dreams in advance. For example, a freelancer can tokenize their future contract income as collateral to secure a loan. This model not only allows users to manage their funds more flexibly but also shifts credit evaluation away from reliance solely on traditional financial institutions, instead using more open and transparent on-chain data.
