Huma Finance is a decentralized finance (PayFi) network aimed at enabling global payment institutions to settle payments 24/7 using stablecoins and on-chain liquidity. The network connects real income to on-chain payments, allowing users to access credit based on their expected income rather than cryptocurrency assets.
Key features of Huma Finance:
Income-based collateral:
Borrowers can use their future payments, such as salaries or invoices, as collateral to obtain credit.
On-chain underwriting:
The protocol enables issuers to assess credit risk using on-chain data and off-chain data.
Programmable payments:
Lending agreements and payment flows are encoded in smart contracts, ensuring efficiency and security.
Instant payment settlement:
Huma Finance utilizes blockchain technology and stablecoins for instant payment settlement, unlike traditional systems that may take days.
HUMA token:
Serves as a utility and governance token, rewarding liquidity providers, enabling ecosystem incentives, and enhancing advanced protocol features.
Goals of Huma Finance:
Fixing slow, fragmented, and costly global finance.
Providing speed, transparency, and efficiency to the financial infrastructure.
Facilitating the flow of money at speeds comparable to the flow of information in the digital world.
About the history of Huma Finance:
Huma Finance was established as the first PayFi network.
Huma Finance has processed over $3.8 billion in transaction volume and provided real returns to liquidity providers according to Bitget.
The Huma Finance network was launched on the Solana platform. #HumaFinance✔✔✔✔ humafinance@