Credit as a Service: How Huma Finance Simplifies On-chain Finance for the Next Billion Users?
For users in the Web2 world, the current DeFi experience is overly complex and counterintuitive: understanding collateralization rates, liquidation risks, cross-chain bridges... These terms are enough to deter most people. The vision of @Huma Finance 🟣 extends far beyond serving seasoned DeFi users; it aims to provide a seamless, intuitive, and inclusive on-chain financial experience for the next billion users through the model of 'Credit-as-a-Service'.
The magic of Huma lies in its abstraction capability. For end users, they may not even perceive the existence of the Huma protocol. What they see may simply be a straightforward social media application:
Creators can “advance” their future tipping income with one click on the platform.
Players can apply for loans to purchase equipment based on the value of their in-game assets.
Freelancers can obtain emergency funds backed by their stable salary records.
Behind these scenarios, the API and SDK of Huma Finance are at work, providing embedded, white-labeled credit functions for these applications. Huma handles all the complex underlying tasks: risk modeling, fund pool management, smart contract execution, and repayment collection.
This model of 'Embedded Finance' is revolutionary. It makes credit a ubiquitous, readily available tool, rather than a complex product that requires specialized learning and usage. #HumaFinance thus positions itself as the financial infrastructure layer for the next generation of dApps and Web3 platforms, truly driving blockchain technology towards mass adoption and achieving the ultimate goal of financial inclusivity.
