Borrowing money, this is a good thing, right guys 🤓? So can I take a shot at it? Don't think like that, okay? There's no such thing as a free lunch; even Buffett's lunch sells for tens of millions 😂.

1) What is the project actually doing?

Huma's goal is straightforward: to move the payment flows of the real world (receipts, settlements, accounts receivable, etc.) onto the chain, forming a composable 'PayFi' network, allowing ordinary users to participate and earn stable returns. In April 2025, Huma 2.0 will launch on Solana, following the 'permissionless + composable' route, with the front-end at app.huma.finance, where users can start earning returns from real payment financing by entering the pool with stablecoins; offering Classic/Maxi modes and accompanying Feathers loyalty points (during the launch period, Maxi can earn up to 25x feather point multiplier).

Two product lines.

Huma 2.0 (retail side): Permissionless, anyone can participate, positioned as a 'stable income layer generated from real payment financing,' core logic running on the Solana Program, with the front-end being an independent dApp, supported by Web2 services for points and account management.

Huma Institutional (institutional side): A permissioned credit protocol for institutions, supporting tiered structuring, first loss, revolving credit, invoice factoring, and other typical scenarios.

Where does the revenue come from (how can there be so much)?

Huma's revenue source is not from token inflation but from financing rates of real commercial payments (such as short-term advances, cross-border settlement acceleration, etc.), settled in stablecoins (USDC/USDT) and distributed on-chain to liquidity providers. Circle has also publicly introduced Huma's use of USDC for global financing and settlement.

Feathers: Points are not just 'decorations.'

Feathers is Huma's loyalty and incentive system, with points linked to the user's participation in the protocol (deposits, lock-up duration, chosen mode, etc.). Huma upgraded the old Points to Feathers when 2.0 launched and set higher multipliers during the activity period for a quick cold start.

HUMA token: Governance + Incentives + Ecological currency (it all comes down to this).

HUMA is a native governance and utility token:

Governance: Stakeable participation in governance, with lock-up duration affecting voting power (more inclined towards long-term binding); governance scope includes liquidity and incentive allocation, parameter adjustments, revenue usage, etc.

Incentives and distribution: Used to guide LP and ecological partner growth, with a significant portion of token distribution dedicated to 'LP & ecological incentives,' adopting a gradually decreasing release by quarter.

Supply structure: Total cap of 10 billion, initial circulation of 17.33%; the official disclosure includes complete ownership and unlocking rhythm. The circulating amount is approximately 1.733 billion according to public market cap data.

Hardware configuration on the technical and compliance side.

The core logic of Huma 2.0 runs on the Solana Program; in terms of security, the official team lists audit records and materials from Halborn, Spearbit, Certora, etc., which belong to a serious compliance and engineering route.

How to evaluate its 'certainty' (real)?

Business certainty: The scale and frequency of real payment flows are high, with commercial cyclicality weaker than pure DeFi mining; corresponding returns are more sustainable.

Product certainty: Retail permissionless + institutional permissioned running in parallel, covering a wider scope; the former is responsible for scale, while the latter ensures quality and risk control.

Token certainty: Governance and incentives directly serve business growth; supply, unlocking, release, and governance rules are all supported by public documents.

Brief operational tips for participants (not investment advice 😂).

Seeking stability: Choose Classic mode, earn stablecoin returns + basic feather points.

Seeking points: Choose Maxi, sacrificing stablecoin returns for higher Feathers (significantly higher multiplier during the event period).

Focus points: Monitor monthly APY announcements, point multiplier activity windows, contract audit updates, and the rhythm of governance proposals.

Huma uses 'real payment financing' to bring revenue and credit on-chain, providing ordinary users with a stable entry point on the retail side, while the institutional side accommodates more complex credit scenarios; HUMA binds governance and incentives to business growth, with transparent rules and clear paths. Overall, it resembles a set of 'long-term usable and daring to use' PayFi infrastructure. (You can give it a try.)

@Huma Finance 🟣 $HUMA #HumaFinance