A few days ago, everyone probably heard about the Upbit incident in Korea, right? Hacker attacks are nothing new, but what really pissed people off was this: their parent company, just to negotiate a merger with Naver, deliberately delayed reporting the incident to regulators for over six hours. When users’ assets were at risk, their first thought wasn’t to minimize losses but to protect their business negotiations? This move perfectly illustrates the “centralized platform’s interests come first” mentality.

Honestly, after something like this, more and more people are starting to wonder: can we really entrust our entire wealth to these “too big to fail” institutions? When those seemingly rock-solid platforms choose to cover things up at critical moments instead of protecting users, maybe it’s time to reconsider what truly reliable financial infrastructure looks like.

That’s also why protocols like Falcon Finance are starting to get attention. They operate on a different logic—your identity doesn’t matter, only whether there’s real capital flowing in your on-chain activity. The old-school requirements of credit reports, collateral, and background checks aren’t needed here. All you have to do is prove your wallet had stable income over the past 90 days: staking rewards, LP fees, even profits from arbitrage strategies—if the cash flow data is on-chain, the protocol will lend to you based on your future earnings, with terms that can stretch out for years.

The core of this system is a “debt factory”—it packages and slices borrowers’ future income into standardized debt products that circulate on the market. It’s a bit like securitizing your “future earning power.” Conservative investors can buy senior tranches for steady, low-interest returns; aggressive players can go for higher-risk layers for the potential of higher yields. The entire process is fully on-chain and couldn’t be more transparent.

While centralized platforms are still asking users to “trust us,” these protocols have hard-coded the rules. No one can change them, no one can hide anything. This is the real “don’t trust, verify.”