Can Huma bring the "funds turnover of cross-border payments" onto the PayFi network? 👍🏻
It allows payment institutions to achieve 24/7 clearing and settlement with stablecoins and on-chain liquidity, reducing pre-deposit, waiting, and costs. Its positioning is clear, targeting real payment flow scenarios. Since its launch on Solana in 2024, Huma has processed over $3.8B in transaction volume and has provided LPs with double-digit real-world returns, with cash flow primarily from transaction fees and interest on financing rather than mere mining, withdrawal, and sale.
The Huma 2.0 released in 2025 further opens up to permissionless, adding two yield models: Classic/Maxi, and flexible lock-up periods, while emphasizing interaction with the Solana ecosystem (such as Jupiter, Meteora, Kamino, RateX) to facilitate LPs in obtaining additional liquidity or sources of yield. The protocol abstracts positions as PST, which can be directly exchanged for USDC on Jupiter and used as collateral to borrow USDC on Kamino, improving funds turnover efficiency. The incentive system has also upgraded from Points to Feathers, supporting multi-dimensional multipliers based on mode, lock-up, OG, etc., making it more aligned with long-term participants. The token HUMA serves as a utility and governance asset, used for ecological incentives and governance voting, among other protocol functions, representing the network's value and decision-making vehicle.
