In the world of DeFi, 'credit' has always been a dimension that is difficult to showcase on-chain. Huma Finance attempts to tackle this issue head-on by establishing a credit protocol specifically designed for 'income-based lending,' allowing users to collateralize cash flow and proof of income to obtain liquidity funds.
I believe Huma Finance's uniqueness lies in its integration of on-chain and off-chain data, such as pay stubs, freelance contracts, and stable income records, which liberates those who cannot obtain collateralized loans through traditional means. At the same time, it also supports enterprise applications (such as collaborations with payroll platforms), expanding the user boundaries of DeFi.
Currently known partners include Circle (the issuer of USDC), Ramp, Request Finance, etc., all of which enhance Huma's credibility. Its token economic model has not been fully disclosed yet, but there is a governance model being prepared for advancement. Overall, if Huma can continue to develop in terms of stability and risk control, it has the potential to become a dark horse in the DeFi credit market.
