๐ What is Huma Finance?
Huma Finance is an innovative financing protocol that focuses on income-backed financing and seeks to create a decentralized finance (DeFi) system accessible to individuals and businesses around the world, especially those lacking traditional collateral.
๐ The core idea
Many people around the world cannot access traditional financing due to a lack of collateral or credit history.
Here comes Huma to offer a solution:
โ Revenue-based financing (such as salaries or regular cash flows)
โ Using blockchain and smart contracts to ensure transparency and efficiency
๐ ๏ธ How does Huma work?
1. Linking income sources such as salaries or freelance income to smart contracts
2. Allowing the user to obtain a loan based on those cash flows
3. The loan is repaid through a portion of future income
4. Everything is done automatically and securely using DeFi infrastructure
๐ฐ HUMA currency
๐ธ Currency symbol: $HUMA
๐ธ Used for operation within the platform, such as:
Paying fees
Incentivizing users and lenders
Governance and voting within the protocol
๐ Partnerships and support
Huma Finance is currently working on building strategic partnerships, aiming to serve users in developing countries and emerging markets where traditional financing is limited.
The project has attracted the attention of top-tier investors in the crypto space, including:
Circle Ventures
ParaFi Capital
Race Capital
Distributed Global
๐ง Why is Huma special?
A new financing model that does not rely on physical assets
True financial inclusion for the developing world
Security and transparency through smart contracts
Supporting a sustainable business model in the DeFi world
๐ The future of Huma Finance
With the increasing need for decentralized and fair financial solutions, Huma Finance could become a major player in the income-backed decentralized finance world.