@Huma Finance 🟣 proposed a concept worth savoring repeatedly:
Income itself can also be financialized and assetized.
This is not collateral in the traditional sense, nor is it an inflated expectation of returns, but rather real money flowing into accounts.
#HumaFinance 's logic is:
Many individual workers in developing countries—like riders, laborers👷, and freelancers—may not have assets, but they have stable incomes.
Why can't these people become subjects of 'credit support'❓
If traditional banks do not accept it, but on-chain finance can❗️
Huma is trying to use on-chain protocols to capture off-chain income and convert it into a credit foundation.
❗️More importantly, it has already been implemented in Latin America and Southeast Asia, with partners like Circle, Grameen America, and Lemon Cash. This is not just a paper plan but a real advancement.
Huma is neither radical nor conservative. It represents a 'pragmatic' RWA approach: starting from the most in-demand groups, focusing on the most quantifiable metrics (income), and creating the most scalable model at the lowest cost.
In a pile of high-end financialization protocols, Huma makes me feel grounded—it's not about dream-making, but rather laying the foundation step by step. If you are looking for the next 'vital system-level application' in Web3,
It is worth a look!!