Token2049 Express: PolyFlow implements innovative PayFi scenarios for DePIN hardware loan program

At the IMPACK 2049 From Mid-East to Singapore, From DePIN to PayFi conference on September 19, DeWi project Roam reached a cooperation with RWA platform Huma Finance to launch the DePIN hardware loan program, which will help Roam quickly deploy its basic hardware facilities and promote the development of decentralized networks.

Among them, PayFi infrastructure - PolyFlow, provides key underlying support for the construction of DePIN hardware loan program PayFi scenario. This will have a profound impact on the entire DePIN industry.

PolyFlow's modular component Payment ID provides the credit basis for the DePIN hardware loan program, transmitting the credit of the entire Roam network to individual mining machine users, thereby realizing small loans for single or multiple mining machine users and accelerating the construction of the global decentralized Wi-Fi network.

PolyFlow's modular component Payment Liquidity Pool serves as a carrier of loan funds and can not only provideSafety, compliant custody, eliminating transaction intermediaries, and all parties can also use Solana BlockchainThe consensus ledger eliminates the strong trust foundation that needed to be built before.

Users can pledge the cash flow generated by the Roam Growth product of the Solana ecosystem and use Roam TokenOr NFT as collateral to quickly obtain a loan from the Huma platform to purchase Roam's Wi-Fi hardware devices, thereby participating in the construction of a global decentralized Wi-Fi network and receiving RoamPoints rewards.

In a conversation on Firechat at the conference, Solana Foundation President Lily Liu fully praised the PayFi model innovation of the DePIN hardware loan program, saying: "PayFi can achieve innovative financial paradigms and product experiences that traditional finance cannot achieve, and promote Mass Adoption of the entire Web3 ecosystem."

Raymond Qu, co-founder of PolyFlow, said: "As the infrastructure of PayFi, PolyFlow enables people without a trust foundation to cooperate without any third-party trust endorsement, avoiding the uncertainty of fund custody, and verifying the authenticity of each transaction without the need for mutual trust, thus realizing a true Trustless Network. This is the meaning of PayFi."

articleXiaobai NavigationFrom the Internet:Token2049 Express: PolyFlow implements innovative PayFi scenarios for DePIN hardware loan program

Related recommendations: Vitalik’s latest speech: Ethereum’s next decade

Ethereum's ten-year evolution and outlook for the next decade. Written by: Pzai, Foresight News Today, at the Ethereum developer conference EDCON 2024 held in Tokyo, Ethereum founder Vitalik Buterin presented us with a speech on "The Next Decade of Ethereum", which not only talked about Ethereum's past...