【Mortgage? Or Credit? The Web3 Lending Mindset is Changing】

In traditional DeFi, borrowing money = collateralizing assets. You must deposit 1000 USDT to borrow a maximum of 800 USDT. This model is called over-collateralized lending.

But what if you don’t have assets, but you do have steady income?

This is exactly the innovation brought by @Huma Finance 🟣 . Instead of locking funds, you can borrow based on your future on-chain income flow.

For example, if you are a Web3 freelance designer, an on-chain gamer, or a creator, as long as you have a stable income, you are eligible to borrow.

This model is more like the “credit loan” in the Web2 world, but it happens on the blockchain, is open and transparent, and there are no intermediary banks.

In Web3, your income is your new collateral.

I believe #HumaFinancе is an experiment that turns “trust” into “credit,” which has great potential, especially friendly to new users without large assets.