As the first Solana ecosystem protocol bridging real-world assets (RWA) and cross-border payment scenarios, its token $HUMA is setting a new industry record with an on-chain TVL of $104 million, and has sparked deep engagement from institutional investors through its sophisticated economic model design.
1. Dual-track Token Model: Balancing Short-term Liquidity and Long-term Ecological Development
The distribution mechanism of $HUMA with a total supply of 10 billion tokens features "high initial circulation + long-term unlocking": Among the 17.33% initial circulation, 5% is allocated for early user airdrops, 2.5% is released through Binance Launchpool, 4% is used for liquidity pool construction by market makers, while 39.9% of tokens held by the team and investors are subject to a 12-month lock-up followed by a linear release over 36 months. This design not only alleviates selling pressure upon listing (actual circulating supply is about 1 billion tokens) but also creates deflationary expectations through a quarterly decreasing ecological incentive mechanism (40% released in the first year, then decreasing by 7% each subsequent quarter). Additionally, 10.1% of the protocol treasury's tokens are released over 8 quarters to ensure continuous funding for ecological development.
2. Technological Stack Innovation: From Accounts Receivable Financing to T-0 Real-time Settlement
The "PayFi" infrastructure built by Huma achieves efficiency breakthroughs through three technological advancements:
1. Asset On-chain Verification: Collaborating with protocols like Jupiter and Arf, it has cumulatively processed over $67 million in accounts receivable financing with zero defaults, compressing corporate payment terms from 30 days to 90 seconds;
2. Cross-border Payment Revolution: After merging with Arf, it launched a T-0 real-time settlement solution, supporting multi-currency exchanges like USD and EUR, with a daily processing volume exceeding $50 million and a 62% reduction in exchange costs compared to traditional models;
3. Compliance Framework Upgrade: By implementing on-chain KYC modules, real-time reserve audits (collateral ratio > 120%), and collaborating with regulatory sandboxes (such as the Monetary Authority of Singapore), it has built an institutional-level risk control system.
