Goodbye to traditional crypto lending, welcome to the era of 'Salary Finance': PayFi!
Huma Finance @Huma Finance 🟣 is doing something big: connecting your real salary with money on the blockchain.
Why is HUMA valuable?
Don't just focus on its price; its true value lies in three places:
1. It's like your 'credit score.' The more $HUMA you collateralize, the more money you can borrow with lower interest when you take out a loan. Just like in real life, the higher your credit score, the more banks trust you and are willing to offer you better loan terms.
2. It can help you earn more money. If you put $HUMA in the automatic compound interest pool, in addition to normal earnings, you can also receive extra rewards. Sometimes, this extra reward can increase your annualized return by 10%.
3. It gives you the power to vote. Decisions like upgrades and new features for Huma, such as whether to cooperate with a new platform, have to be voted on by its holders. This truly makes you the 'owner' of this ecosystem, rather than just a spectator.
So how does HUMA specifically work:
Borrowing against future income: No longer do you need to put up your own coins or assets as collateral. Your future income serves as the 'guarantee' for borrowing money.
Funds arrive super fast: You can immediately access up to 90% of liquid funds, so you don't have to wait when you need money urgently.
No collateral required: Completely free from the troublesome collateral processes of traditional lending.
Smart contract-driven + $HUMA token: The entire process is secure, automated, and powered by their $HUMA token.
DeFi is no longer just a game for the wealthy; Huma is paving a new way for ordinary people to more easily enjoy financial services. 👍👍👍
