#HUMAFINANCE🟣 - is a decentralized protocol that connects real financial transactions with decentralized infrastructure. It uses income and accounts receivable as collateral for providing loans and borrowings. Huma Finance allows users to obtain loans secured by future payments, such as salaries or bills, and provides on-chain underwriting to assess credit risks.
Key features of Huma Finance:
PayFi network:
Huma Finance is the first PayFi (Payment Finance) network that enables global payment companies to make payments 24/7, using stablecoins and liquidity on the network.
Income-based collateral:
Borrowers can use future payments as collateral, which is especially useful for individuals, small businesses, and users from developing countries.
On-chain underwriting:
The protocol allows issuers to assess credit risks using data from both on-chain and off-chain, ensuring transparency and automation.
Programmable payments:
Loan agreements and payment flows are encoded in smart contracts, ensuring efficient and secure settlements.
