Huma Finance (HUMA) is a decentralized finance (DeFi) protocol that aims to innovate access to credit. Unlike traditional DeFi platforms that often require cryptocurrencies as collateral, Huma Finance allows users to secure loans with their future income or real-world accounts receivable.
How does Huma Finance work?
Huma Finance connects real-world income and accounts receivable with the blockchain. This means that your salary, invoices, or future payments can be used to access credit on-chain, opening financial opportunities for individuals and businesses that may not have crypto assets to use as collateral.
The HUMA token is the utility and governance token of the Huma Finance ecosystem. Its functions include:
Governance: Allows token holders to vote on the development and updates of the protocol.
Utility: It is used to facilitate transactions and can generate income through methods such as staking or lending HUMA.($HUMA )
In summary, Huma Finance is building a bridge between traditional finance and the DeFi world, making credit more accessible by using real-world income as collateral.
