Huma Finance is the first PayFi protocol that democratizes access to credit using real income streams (payrolls, invoices, or remittances) as collateral, instead of traditional crypto assets.
In comparison, protocols like Maple or Goldfinch offer loans under crypto collateral or more restrictive standards, while Huma uses off-chain risk data and automated models.
Three distinctive traits:
1. Real income-based collateralization: allows access to credit without the need for crypto assets as collateral, ideal for entrepreneurs or freelancers.
2. Stable returns in USDC: offers up to 10.5% annual in stablecoin with additional rewards in HUMA (up to 17.5x Feathers), through “Classic” and “Maxi” modes.
3. Modular PayFi infrastructure: multi-chain architecture (Solana, Stellar, BSC, Polygon, Scroll) and token LP ($PST) interoperable with protocols like Jupiter and Kamino, facilitating liquidity and composability.
With over USD 4.5 billion transacted on-chain and backing from investors like Circle, Galaxy Digital, and Solana Foundation, Huma stands out in DeFi for its inclusive and practical approach.