🌐 If you are following the evolution of decentralized finance (DeFi), recently Huma Finance emerged as the first PayFi network focused on integrating payments and direct financing within the blockchain. The core idea is that Huma provides financial infrastructure for businesses and individuals so they can obtain credit and financing backed by income and real receivables, not just by traditional crypto collateral.
The project started its activity on the Solana network and currently supports two versions: a corporate version with strict approvals and a flexible version for individuals according to their accumulated financing data, amounting to 3.8 billion dollars without any defaults. They target companies that convert salaries and bills into digital collateral that can be immediately liquidated for Stablecoins like USDC.
The token HUMA was recently launched, with half of the platform fees being reused for token buybacks and burns, aiming to maintain scarcity. It is currently traded on platforms like Binance and KuCoin as well as some DEX on Solana.
The founders of Huma consider the project a step towards expanding commercial financing solutions, especially in emerging markets. However, there are clear challenges related to liquidity volatility, regulatory legislation, and on-chain creditworthiness verification.
It is a promising project but still in relatively early growth stages.
