The Huma Finance token (referred to as Huma) is the native token of their decentralized finance protocol, primarily used for governance, staking, and paying fees within the protocol.
This protocol focuses on uncollateralized lending, and the token is quite crucial: holding it allows you to vote on protocol parameters and influence the development direction; staking Huma can also earn rewards while adding a layer of security to the network.
Its value is significantly related to how popular the protocol is and how many users it has. If you're looking to get in, keep a close eye on the project's progress and market conditions, and don't act impulsively. #HumaFinance $HUMA @Huma Finance 🟣