Huma Protocol provides a complete loan management system for borrowers, covering credit approval, drawdown, and repayment management across three core functions, delivering a convenient and efficient DeFi lending experience.
The credit approval process employs multi-dimensional assessment mechanisms. Evaluation Agents determine credit terms based on borrower profiles, including credit limits up to 4 billion, flexible payment period configurations, and personalized annual percentage rates. The system supports both revolving and non-revolving credit modes to meet diverse business requirements. The committed loan amount mechanism ensures capital allocation efficiency, generating yields even when outstanding principal falls below committed levels.
For receivable-backed credit pools, the protocol offers both automatic and manual approval pathways. Automatic approval mode processes applications in real-time during drawdown procedures, significantly enhancing operational efficiency.
Drawdown operations utilize corresponding smart contract functions based on pool types. Revolving credit pools employ the drawdown() function, while receivable-backed credit pools use drawdownWithReceivable() functions requiring corresponding NFT token IDs. Under receivable factoring and financing models, borrowers must transfer receivable ownership as collateral.
Repayment management provides both AutoPay automatic deduction and manual repayment options. AutoPay functionality achieves automated repayment through one-time authorization, with the system checking account balances every five minutes and executing automatic deductions. For users preferring active control, manual repayments can be made through DApp, SDK, or directly calling contract functions.
The system supports early repayment and credit closure capabilities. When borrowers fulfill all payment obligations and meet relevant conditions, they can proactively close credit facilities. Notably, even after receivable settlement, the protocol maintains ownership of related NFTs.
Huma Protocol Loan Management: Comprehensive Intelligent Lending Solutions
Huma Protocol delivers a complete loan management ecosystem for borrowers, encompassing credit approval, drawdown initiation, and payment management across three core functions, creating a seamless and efficient DeFi lending experience.
The credit approval process employs multi-dimensional assessment mechanisms. Evaluation Agents determine credit terms based on borrower profiles, including credit limits up to 4 billion underlying assets, flexible payment period configurations, and personalized annual percentage rates. The system supports both revolving and non-revolving credit modes to accommodate diverse business requirements. The committed loan amount mechanism ensures capital allocation efficiency, generating yields even when outstanding principal falls below committed levels.
For receivable-backed credit pools, the protocol offers both automatic and manual approval pathways. Automatic approval mode processes applications in real-time during drawdown procedures, significantly enhancing operational efficiency.
Drawdown operations utilize corresponding smart contract functions based on pool types. Revolving credit pools employ the drawdown() function, while receivable-backed credit pools use drawdownWithReceivable() functions requiring corresponding NFT token IDs. Under receivable factoring and financing models, borrowers must transfer receivable ownership as collateral.
Payment management provides both AutoPay automatic deduction and manual payment options. AutoPay functionality achieves automated repayment through one-time authorization, with the system checking account balances every five minutes and executing automatic deductions. For users preferring active control, manual payments are available through DApp interfaces, SDK integration, or direct contract function calls.
The system supports early repayment and credit closure capabilities. When borrowers fulfill all payment obligations and meet relevant conditions, they can proactively close credit facilities. Notably, even after receivable settlement, the protocol maintains ownership of related NFTs.
The comprehensive SDK enables programmatic interaction with protocol contracts and various on-chain and off-chain data storage solutions, empowering developers to build sophisticated lending applications.
