Simple Introduction to HUMA

Huma Finance is the first PayFi network, dedicated to innovating the global payment settlement system through blockchain technology and stablecoins, injecting speed, transparency, and efficiency into traditional financial infrastructure. Huma enables payment institutions to leverage on-chain liquidity for 24/7 instant payment settlements, addressing the issues of slow speeds, high costs, and low transparency in traditional payment systems (like SWIFT). As of 2025, Huma has processed over $4.63 billion in transaction volume, providing liquidity providers (LPs) with an annual percentage yield (APY) of 15%-24.71% while maintaining a zero-default record. It supports scenarios such as cross-border payments, trade financing, and stablecoin credit cards, covering a market of over $30 trillion. Huma's mission is to drive the integration of payments and finance through a decentralized PayFi protocol, offering efficient and trustworthy financial services for retail and institutional investors. Collaborating with industry leaders such as Solana, Circle, Stellar Development Foundation (SDF), and Galaxy Digital, Huma has become a key infrastructure in the DeFi and Real World Assets (RWA) sectors.

Core Technology of HUMA

Open Liquidity Protocol

Huma's open liquidity protocol is the core of its PayFi network, providing instant liquidity for cross-border payments, stablecoin credit cards, and trade financing through accounts receivable-backed credit mechanisms. The protocol utilizes blockchain's instant transfer and programmability to achieve settlement in seconds at low fees of 8-10 basis points (far below the 1%-3% of traditional SWIFT systems), covering $16 trillion in credit card payments and $10 trillion in trade financing markets. Users can participate in Huma pools by depositing USDC, receive the PayFi strategy token ($PST), and trade or liquidity mine in protocols like Jupiter and Kamino within the Solana ecosystem, enhancing asset composability and yield potential.

Decentralized Payment Network

Huma's decentralized payment network breaks traditional payment system data silos through multi-chain support and on-chain/off-chain data integration. Its primary deployment is on the Solana blockchain, leveraging its high throughput (thousands of transactions per second) and low cost (approximately $0.00025 per transaction) for efficient settlement, while also supporting blockchains like Polygon, Celo, Scroll, and planning to expand to Stellar Soroban. Huma integrates on-chain transaction data with off-chain API and payment network data, supporting PB-level encrypted storage and high-throughput queries to provide secure, privacy-protecting solutions for enterprise-level payment and financial scenarios.

Huma 2.0 Liquidity Model

Huma 2.0 introduces flexible liquidity models, including Classic Mode and Maxi Mode, to meet the needs of different investors. Classic Mode offers users seeking stable returns an annual percentage yield (APY) of approximately 10.5%-15% in USDC plus Huma Feathers rewards; Maxi Mode provides 5 times the Feathers rewards but no APY, suitable for users looking to accumulate tokens. After depositing USDC, users receive $PST tokens, which can be traded or staked in DeFi protocols within the Solana ecosystem. Huma also offers a web interface, API, and SDK, planning to launch AI-driven payment analytics tools to lower development and usage barriers.

Zero Defaults and High Yield

Huma's risk management and credit assessment technology ensures robust credit performance, having processed $4.63 billion in transaction volume by 2024 without any defaults. By charging institutional clients a transaction fee of 8-10 basis points, Huma offers liquidity providers an annual percentage yield (APY) of 15%-24.71%, depending on a 3-month or 6-month lock-up period and senior/junior investment grade levels. Its smart contracts and on-chain credit assessment mechanisms set high reliability standards for the DeFi and RWA markets through transparent data analysis, monitoring borrower credit risk in real-time.

Funding Status

Huma Finance has completed multiple rounds of financing, totaling approximately $46 million, with a valuation of around $75 million (with a near $1 billion fully diluted valuation expected at TGE):

2022 (Seed Round): Funding amount of $8.3 million, led by Race Capital, with participation from Distributed Global, Inflection, and others.

2023 (Expansion Round): Funding amount of $38 million, led by Galaxy Digital, with follow-on investments from Coinbase Ventures, HashKey Capital, and others.

Angel Investors: Including industry leaders such as Solana Labs, Circle, Stellar Development Foundation, and others.

Ecosystem Support

Huma has established strategic partnerships with multiple Web3 projects and enterprises:

Solana: Leverages its high-performance blockchain to support low-cost, high-throughput payment settlements.

Circle: Integrates USDC as the primary stablecoin to support global payments and trade financing.

Stellar Development Foundation: Plans to expand to Stellar Soroban by 2025 to enhance cross-chain payment capabilities.

Jupiter and Kamino: Huma's $PST token integrates with DeFi protocols within the Solana ecosystem, providing liquidity mining and trading opportunities.

October 2024: Huma collaborates with Kaito AI to launch the 'PayFi Yappers' initiative, incentivizing community content creation with the distribution of 0.5% of HUMA tokens.

May 2025: Huma will host the PayFi Summit, co-hosted with Circle and Solana to promote the development of the PayFi ecosystem, with an initial allocation of 100 million HUMA tokens for community rewards.

Summary

Huma Finance provides efficient and transparent decentralized solutions for global payment and financial services through its innovative PayFi network. Its open liquidity protocol, multi-chain supported decentralized payment network, flexible Huma 2.0 model, and zero default record demonstrate its leading position in the DeFi and Real World Assets (RWA) sectors. With a transaction volume of $4.63 billion and support from top partners, Huma shows strong growth potential. Suitable for scenarios such as cross-border payments, trade financing, and stablecoin credit cards, Huma plans to further drive innovation through expansion to Stellar and the launch of AI tools. In the face of competition, Huma must continuously optimize its protocol to maintain its lead.