#Humafinance Huma Finance is a decentralized protocol that provides income-based financing solutions and operates within PayFi (Payment Finance), utilizing Web3 technologies such as stablecoins and on-chain liquidity. Huma Finance allows users to obtain loans using future payments (e.g., salary) as collateral, and is designed to simplify and accelerate global payments.
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Huma Finance is the first PayFi protocol that rethinks the ways money moves around the world, leveraging the advantages of decentralized finance (DeFi).
Income-based collateral:
The protocol allows users to take loans by providing their future income as collateral, which is especially useful for individuals, small businesses, and people in developing countries.
On-chain underwriting:
Huma Finance uses data from both on-chain and off-chain to assess credit risks, ensuring transparency and automation.
Programmable payments:
Credit agreements and payment flows are implemented through smart contracts, making settlements more efficient and secure.
HUMA Token:
HUMA is the native token of Huma Finance, used for governance, rewards, staking, and deflationary mechanisms.
Infrastructure:
Huma Finance provides infrastructure that enables 24/7 settlements using stablecoins and liquidity on the blockchain.
Institutional and retail users:
The protocol is designed for both retail and institutional users.
Co-founders:
Huma Finance was co-founded by Erbil Karaman and Richard Liu, and is supported by companies such as Solana, Circle, and Galaxy Digital.