Against the backdrop of the gradual differentiation of the current on-chain credit ecosystem, Huma Finance is steadily advancing the implementation of its 'Income Support Credit' model. Compared to traditional collateral models, Huma emphasizes the verifiability of on-chain cash flows, replacing collateral assets with income streams to open up another possibility for credit for users. This approach not only alleviates the collateral burden on users but also provides a differentiated financial service entry for stable income users such as Web3 service providers and content creators.

Recently, the 'USDC Income Pledge Credit' model launched by Huma in collaboration with Circle has begun to attract more attention from the ecosystem. Leveraging Circle's on-chain payment infrastructure, Huma can efficiently track the income flow performance of borrowers and dynamically adjust limits and risk parameters based on this, achieving a more intelligent risk management mechanism. Loans under this mechanism are closer to real business scenarios and possess stronger compliance and operational flexibility.

At the same time, Huma is deploying its credit protocol on multiple chains and collaborating with various 'payment gateway projects' to combine on-chain payments with credit capabilities. For example, on chains like NEAR and Celo, multiple digital service providers have already utilized Huma for credit advances for daily operations and expansion. As a new form of on-chain credit, this anchoring of 'income' is expected to reconstruct long-term financial mechanisms in Web3.

Overall, what Huma represents is the transition of on-chain finance from collateral logic to 'cash flow logic.' It captures the core relationship between real income and credit, building a new financial infrastructure model on-chain. If its ecosystem collaborations continue to expand, this model may become an important component of future on-chain credit systems. #HumaFinance @Huma Finance 🟣 $HUMA