Huma Finance** – turning real-world income into on-chain liquidity:

### Core Innovation

**Income-Backed Lending:**

Borrow against real-world cash flows (invoices, payroll, remittances) **without crypto collateral**. Solves cash crunches for freelancers/SMEs.

### Key Mechanics

- **Permissionless Access:** Anyone can supply liquidity (no KYC) → earn ~10.5% APY in USDC.

- **Institutional Mode:** Compliant rails for enterprises.

- **Multi-Chain:** Runs on Solana (speed), Stellar, Polygon, Celo, Scroll (compliance/settlement).

- **Rewards:**

- *Classic Mode:* Stable USDC yield.

- *Maxi Mode:* Lock funds to boost **Huma Feathers** (reward multipliers).

### Why It Matters

✅ **Democratizes Credit:** Underwrites based on income, not credit scores – unlocks loans for the underserved.

✅ **Instant Cross-Border Payments:** Replaces SWIFT with stablecoin rails (faster/cheaper).

✅ **Real Yield:** 10%+ APY from *business revenue*, not inflationary token farms.

### Traction & Backing

- **Volume:** $4.5B+ transacted, $100M+ active liquidity.

- **Funding:** $46M+ total (Series A: $38M).

- **Partners:** Circle, Solana/Stellar Foundations, Galaxy Digital.

- **0% Defaults:** In Arf cross-border lending pilot.