Financial innovation is creating a new wave in the Blockchain world. A credit model based on future income is changing the traditional concept of lending, providing users with more flexible and convenient financing options.

This new type of credit protocol allows users to use future wage income or accounts receivable as collateral to obtain an advance of up to 70% to 90% through smart contracts. This groundbreaking solution addresses the common issue of over-collateralization in traditional decentralized finance (DeFi), opening the door to financing for ordinary users without large amounts of crypto assets.

The core of the protocol is an algorithm called the Time Value Model (TVM), which can evaluate the repayment ability of borrowers in real-time. This not only improves the efficiency of lending but also provides more opportunities for liquidity access for wage earners, freelancers, and participants in emerging markets.

The significance of this innovative model is not limited to providing new lending methods; it also brings real-world income data onto the Blockchain, laying the foundation for the construction of a decentralized credit system. This attempt to connect the real economy with the digital financial world is expected to greatly enhance the accessibility and inclusiveness of financial services.

With the rapid development of Real-World Assets (RWA) in the blockchain space, this new type of credit protocol could become an important bridge connecting traditional finance with the crypto ecosystem. It not only offers individual users more choices but also opens up new avenues for innovation and development in the entire financial industry.

However, this model also faces numerous challenges, such as how to ensure the accuracy of income forecasts, how to manage default risks, and how to effectively execute contracts in a decentralized environment, all of which require further exploration and resolution. Nevertheless, this innovation still represents an important direction in the development of financial technology, deserving of continuous attention and research from the industry.