PayFi vs DeFi: Understanding the Difference
PayFi vs DeFi: Understanding the Difference
馃挕 PayFi: More than DeFi?
At the recent #PayFiSummit, Cali Liu, President of the Solana Foundation, clarified the distinction between PayFi and DeFi. The term PayFi, coined by Liu, represents a new paradigm in financial technology.
- PayFi focuses on everyday payment solutions
- DeFi primarily deals with broader financial services
Edwin Aoki, CTO of Blockchain, Crypto & Digital Currencies at PayPal, highlighted the outdated nature of current value transfer systems. He emphasized how PYUSD and Solana are poised to revolutionize payments through:
- Instant transfers
- Low transaction costs
- Enhanced transparency
These innovations aim to modernize the 50-year-old financial infrastructure currently in use.
馃挕Isn't PayFi just DeFi? Let's settle it once & for all... @calilyliu President of the @SolanaFndn鈥攚ho coined the term PayFi鈥攂reaks down the difference at our recent #PayFiSummit.
Huma Finance Featured in RootData's Top 10 Projects
Huma Finance has achieved recognition by securing a spot in RootData's Top 10 Hottest Projects list. RootData, launched in October 2024, serves as a key platform for tracking market sentiment and project developments in the Web3 space. - Community members can show support by voting daily - Platform helps detect market trends and document project milestones - Voting available at [RootData's Huma Finance page](https://www.rootdata.com/Projects/detail/Huma%20Finance) *RootData has established itself as a premier platform for Web3 project analysis and community engagement.*
Huma 2.0 Launches on Solana with Dual Earning Modes
Huma Finance has launched version 2.0 on Solana, introducing two earning modes: - **Classic Mode**: Offers 10.5%+ USDC yield plus Huma Feathers rewards - **Maxi Mode**: Focused on maximizing Huma Feathers rewards (25x multiplier) Key integrations include: - Instant USDC swaps via Jupiter Exchange - Upcoming Kamino Finance integration for PST collateral - Future RateX_Dex integration for leveraged strategies The platform is now permissionless while maintaining compliance. All existing Huma points will convert to Feathers 1:1. [Start earning on Huma](https://app.huma.finance)
Halborn Security Completes Huma Protocol Audit on Solana
Halborn Security has completed their security audit of the Huma Protocol implementation on Solana blockchain. The audit results confirm a robust foundation for the protocol's infrastructure. Key points: - Audit focused on core protocol security - Results validate protocol's foundational architecture - Follows previous successful audit of staking and social mining contracts This milestone enables Huma to proceed with accelerated development while maintaining security standards.
PayFi Attracts Attention from a16z and Chris Dixon
PayFi, a DeFi protocol focused on income-backed lending, appears to be gaining attention from major players in the venture capital space. Andreessen Horowitz (a16z) and partner Chris Dixon have reportedly been exploring the protocol. The platform aims to innovate in the DeFi lending space by using receivables as collateral, potentially opening up new opportunities for broader market participation. - Protocol focuses on income-backed lending - Notable VC interest from a16z team - Aims to make DeFi more accessible
Huma 2.0 AMA with Co-Founders Announcement
Huma Finance is hosting an exclusive AMA session featuring co-founders Erbil (@0xErbil) and Richard (@DrPayFi) to discuss the upcoming Huma 2.0 release. - **Date**: Friday, April 11, 2025 - **Time**: 2PM UTC / 10PM SGT - **Platform**: Live on X (formerly Twitter) - **Focus**: Deep dive into Huma 2.0 features and updates Community members are encouraged to prepare questions for the interactive session. [Join the broadcast](https://x.com/i/broadcasts/1YpKkBpdAlmxj)