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Edwin Aoki, CTO of Blockchain, Crypto & Digital Currencies at PayPal, highlighted the outdated nature of current value transfer systems.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 2.0 Pool Reaches $25M+ Capacity in Record Time
The Huma 2.0 lending pool has reached full capacity, attracting over $25M in deposits within 24 hours of launch. Key highlights: - 30,000+ individual deposits - Integration with KaitoAI's Yapper Leaderboard for content creation - Built on Solana blockchain The rapid filling of the pool demonstrates strong community interest in receivables-backed DeFi lending. Content creators can now participate through the Yapper Leaderboard system.
Kaito Yapper Leaderboard Launch
Huma has launched the Kaito Yapper Leaderboard, introducing a new engagement tracking system for community participants. - Leaderboard tracks user engagement through yapping activity - Special rewards announced for eligible participants - XION confirmed as next participant in the leaderboard system *Active participation required to qualify for rewards*. Community members encouraged to start yapping to climb the rankings.
PST-USDC Trading Pool Goes Live on Kamino Finance
Kamino Finance has launched a PST-USDC liquidity pool, offering enhanced liquidity options for PST holders. Liquidity providers will receive a 3x multiplier on Huma Feathers rewards. This follows the recent Huma 2.0 update that introduced PST (PayFi Strategy Token) as a liquid LP token for Classic Mode users. PST can be: - Swapped instantly for USDC on Jupiter Exchange - Used as collateral for USDC borrowing on Kamino Finance - Traded via Jupiter mobile app Visit [Huma Finance](https://app.huma.finance) to start earning.
Accelerating payments with on-chain liquidity
Swift and Chainlink are collaborating to bridge traditional payment systems with blockchain technology. This integration enables: - Automatic triggering of digital asset movements through Swift payment flows - Seamless connection between traditional banking and blockchain networks - Enhanced payment efficiency through on-chain liquidity The partnership aims to modernize cross-border transactions by combining Swift's global reach with blockchain's speed and transparency. This development marks a significant step toward mainstream adoption of blockchain in traditional finance.
Huma 2.0 Launches Permissionless DeFi Platform with Real-World Yields
Huma has announced the launch of its 2.0 platform, marking a significant shift in DeFi accessibility. The update introduces: - Permissionless access while maintaining compliance - Double-digit yields from real-world financial transactions - New reward system with Huma Feathers - 1:1 conversion of existing Huma points to Feathers The platform focuses on sustainable returns through real-world financial transactions, making DeFi accessible to everyone outside restricted regions. This launch represents a key milestone in PayFi evolution. Want to learn more about real-yield opportunities? Visit [Huma](https://huma.finance)