Dissecting Huma's Smart Contract: How to Accurately Calculate Future Income and Achieve 70%-90% Unsecured Lending?

Many people are curious: How does Huma dare to offer 70%-90% limits on unsecured loans without crypto collateral? The key lies in its smart contract's 'Income Calculation Logic.' Unlike traditional lending that relies on manual reviews, Huma's smart contract first captures users' income data sources.

For example: Salary users' bank transaction records, corporate users' invoice payer credit ratings, and cross-border workers' remittance histories are analyzed through algorithms to assess 'Income Stability': Is the salary deposited consistently every month? Does the invoice payer have any overdue records? Is the remittance frequency regular?​

For instance, if a user receives a salary of 10,000 yuan on the 10th of every month for 12 consecutive months, the smart contract will determine their future income certainty is high and directly approve a loan at 90% of the limit. If the invoice payer is a large listed company, the limit will also lean towards the higher range. Moreover, the entire process requires no manual intervention; from data submission to loan approval can be completed in a matter of minutes, avoiding delays from human reviews and reducing bad debt risks through cross-data verification. This is the confidence that allows it to offer high-limit unsecured loans.

#HumaFinance🥰🥰@Huma Finance 🟣 $HUMA