Huma Finance is a DeFi protocol that aims to revolutionize payments by connecting traditional finance with blockchain. It does this through "PayFi" (Payment Finance), enabling instant access to liquidity.
How it Works
* Tokenizes real-world assets (like invoices or future income) onto the blockchain.
* Allows income-based lending, meaning you can get loans based on verified income, not just traditional collateral.
* Provides instant liquidity by letting businesses and individuals borrow stablecoins against their tokenized assets.
* Operates decentrally with smart contracts for efficiency and transparency.
* Facilitates faster, cheaper cross-border payments.
* Offers yields for lenders who provide liquidity.
* Uses its $HUMA token for governance and rewards.
Key Use Cases
* Invoice financing for businesses.
* Faster international payment settlements.
* Salary advances or income-based loans for individuals.
Essentially, Huma Finance uses blockchain to make financial transactions faster, more accessible, and more efficient for both individuals and businesses.
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