Recently, there have been a plethora of posts about Huma in the forums. I thought it was just another promotional campaign by the project team before launching, especially with so many air coins that go to zero after a hype. But after a careful look, I found that this project is genuinely hardcore – aiming to move our real-life salaries, project payments, and contract arrears, which are tangible cash flows, onto the chain to become financeable assets.
Simply put, Huma Finance does two things: bringing income on-chain and borrowing money based on credit. Their new model is called PayFi, which sounds mysterious, but it’s actually quite simple:
- Do freelancers have a stable income every month? They can apply for a loan based on that income on-chain.
- Is the company project payment still within the payment term? You can turn the invoice on-chain to cash it in early.
- Is the outsourcing team waiting for payment? No need to wait, you can directly finance using the income that hasn't been received yet.
The key is not how many tokens you have staked or how many NFTs you hold, but rather your actual income records. Here, income is credit, and credit can be used as an asset. This is different from most DeFi projects that play the 'token generates token' game; Huma follows the 'cash flow generates credit' path, effectively changing the underlying logic of DeFi.
Recently, its popularity has risen, not through shouting orders, but through actual actions: staking activities have started, and participants can earn rewards; the points system has just been launched, and early players reportedly have 10 times the returns; they are also genuinely linking with ecosystems like AI and RWA, even interfacing with real-world financial data, all processes following traditional financial rules.
Currently, many RWA projects are still telling stories, but Huma has already run processes on-chain. In terms of valuation, it is still in the early stages, and the PayFi sector hasn’t heated up yet; the points mechanism has just opened, and the number of participants is still limited.
The crypto space has never lacked speculation, but it lacks things that can genuinely solve urgent needs. Projects like Huma, which dare to engage with real income systems, might just be the most solid entry point for the next explosive growth before it arrives.
