When MakerDAO supports an $8 billion TVL with over-collateralization, @Huma Finance 🟣 has opened the on-chain gates for a $9.6 trillion financing gap for small and medium enterprises —
▌On-chain reconstruction of cash flow financing: Four dimensions crush traditional DeFi
| Dimension | Traditional lending protocol | Huma Finance | Disruptive |
| Collateral | Cryptocurrency (150%+ collateral ratio) | Future receivables NFT | Release 22.4 times capital efficiency ↑ |
| Risk assessment | Static LTV model | Dynamic cash flow oracle | Real-time tracking of 200+ enterprise health indicators |
| Liquidation mechanism | On-chain auction (slippage loss) | Automatic discount transfer of receivables | 0 liquidation panic, 0 bad debts (14 months) |
| Revenue source | Lending spread | RWA note tiered returns + protocol fees | Senior tier annualized 16.3% (UST) |
▌On-chain credit score: Huma's killer moat
- Data sources: Integrated off-chain (Plaid banking data) + on-chain (Arbitrum/Base trading map) + social (Web2 repayment records)
- Anti-cheating: Block witch attacks through zero-knowledge enterprise identity verification (zk-EID), ensuring '1 entity = 1 credit score'
- Cross-chain expansion: Credit scores are universally applicable, enterprises can apply for limits on Base and withdraw instantly on the Polygon chain
⚠️ Current opportunity window
1️⃣ Compliance breakthrough: Obtained draft certification for EU EMI license, allowing fiat deposits and withdrawals (effective Q3 2024)
2️⃣ Airdrop catalysis: Airdrop to early note buyers $HUMA
Governance token (distributed in August based on Credit Points)
3️⃣ Ecosystem integration: Compound V3 will connect to the Huma credit engine, initiating collateral reduction pilot
