Crypto Project Huma Finance: A Bridge Between Real World Income and Decentralized Finance

Huma Finance is a decentralized finance (DeFi) protocol that emerges as a pioneer in the "PayFi" (Payment Financing) sector. Its central and most innovative proposal is to allow individuals and companies to use their future income and accounts receivable from the real world as collateral to access credit on the blockchain.

In essence, the project seeks to solve a fundamental problem in DeFi: the high dependence on crypto assets as collateral, which excludes a large part of the population that does not own these assets but does have recurring income. Huma Finance aims to tokenize these future income streams, such as salaries or invoices, turning them into verifiable assets on the chain that can be used to obtain liquidity instantly.

The project operates as a network that connects borrowers (those who need credit), capital providers (those who offer liquidity), underwriters (who assess risk), and platforms, all through smart contracts. Built primarily on the Solana blockchain to leverage its high speed and low costs, Huma Finance facilitates global transactions and settlements 24/7 using stablecoins.

Key Features and Functioning

Income-Based Collateral: Unlike traditional DeFi loans, Huma does not require users to deposit cryptocurrencies. Instead, it analyzes off-chain data to assess credit risk and the viability of the applicant's future income.

Real-Time Liquidity: The platform is designed to provide instant access to funds, eliminating the long wait times associated with traditional financial systems

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