#HUMAFINANCE🟣 #homafiance

💼 What is Huma Finance?

Huma Finance is a decentralized (DeFi) platform focused on providing income-based or future income financing instead of relying solely on traditional collateral (such as held cryptocurrencies).

Huma enables users to obtain loans using revenue streams, salary, or invoices as collateral, thereby opening the doors to financing for a larger group of people.

⚙️ How does Huma work?

1. Identify the source of income: such as trading profits, salaries, or invoice revenues.

2. Link financial data (via API or decentralized wallets).

3. Credit assessment: Huma uses algorithms to evaluate creditworthiness.

4. Loan provision: the user receives a loan against their future income.