#E🟣
#homafiance e #
💼 What is Huma Finance
@Huma Finance 🟣 Huma Finance is a decentralized platform (DeFi) focused on providing financing based on income or future income rather than relying solely on traditional collateral (such as held cryptocurrencies).
Huma allows users to obtain loans using revenue streams, salaries, or invoices as collateral, thereby opening the doors to financing for a larger group of people.
⚙️ How does Huma work?
1. Identify the source of income: such as trading profits, salaries, or invoice revenues.
2. Connect financial data (through API or decentralized wallets).
3. Credit assessment: Huma uses algorithms to evaluate creditworthiness.
4. Loan provision: the user receives a loan against their future income.