Say goodbye to traditional crypto lending and welcome the era of 'Wage 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 real value lies in three places:
1. It's like your 'credit score'. The more you pledge $HUMA , the more money you can borrow, and the lower the interest rate will be. Just like in real life, the higher your credit score, the more the bank trusts you and is willing to offer you better loan conditions.
2. It can help you earn more money. If you put $HUMA into the automatic compound interest pool, in addition to normal returns, 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. Upgrades and new features of HUMA, such as whether to collaborate with new platforms, must be decided by votes from its holders. This makes you truly the 'master' of this ecosystem rather than just a bystander.
So how does HUMA specifically work:
1. Borrowing money against future income: No longer do you need to put up your coins or assets as collateral. Your future income is the 'guarantee' for borrowing money.
2. Fast fund arrival: You can immediately access up to 90% of liquid funds, so you don't have to wait when you need money urgently.
3. No collateral needed: Completely free from the troublesome collateral process of traditional lending.
Driven by smart contracts + $HUMA tokens: The entire process is secure, automatic, and powered by their HUMA.
DeFi is no longer just a game for the wealthy; Huma is paving a new path for ordinary people to conveniently enjoy financial services. 👍👍👍
