🔥Binance has just launched Launchpool Huma Finance, a unique lending/borrowing project that allows unsecured loans based on real-world income. It may seem familiar in traditional banking, but this is the first time it has been fully brought onto the blockchain.

💡 What is Huma Finance?

It is a decentralized finance (DeFi) platform that allows users to borrow cryptocurrency without collateral, only needing to verify income such as salary or business revenue.

📍 The project currently operates on 4 major networks:

Solana

Celo

Polygon

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🔎 How Huma Finance operates

📌 Lender

Provides liquidity and receives interest

Divided into 2 groups:

🔹 Senior: Lower risk, receives compensation first

🔸 Junior: Higher interest, but will bear higher risk

Asset allocation in the pool: 80% Senior – 20% Junior

📌 Borrower

Needs KYC and income verification

Loan amounts and income requirements vary by pool

Pays interest of 12% – 20%, with penalties for late payments exceeding 5 days

📌 Pool Admin

Is the organization that creates the lending pool, sets interest rates, and borrowing standards.

Most are reputable financial entities like Circle, Arf, Rain...

🧠 Development team

Founded by former employees from Facebook, Earnin, Opendoor – deep expertise in data and fintech.

💰 Raised $46.3 million in 2 rounds

Seed round: included Circle Ventures, Race Capital…

Series A: invested by HashKey Capital, Fenbushi Capital, Stellar Development Foundation...

💥 Why Huma is noteworthy

✅ Brings traditional credit models onto the blockchain

✅ Opportunity to stake tokens for free through Binance Launchpool

✅ Opens the door to loans/capital for those without collateral.

⏳ Launchpool is open on Binance – you can start farming tokens now by staking BNB or FDUSD.