This time the Hong Kong conference @Huma Finance 🟣 also went.
Huma Finance @Huma Finance 🟣 is the first PayFi network, built on @Solana Official a@Solana_zh and multi-chain, focusing on providing decentralized financing and real-time settlement infrastructure for real-world payment flows (such as cross-border payments, credit card settlements, and trade financing). Its core is unlocking time-value currency through blockchain technology.
@Huma Finance 🟣 Huma's revenue mainly comes from the interest spread generated by real-world payment flows and structured fees at the protocol layer. The protocol captures value from payment financing by connecting liquidity providers (LPs) and borrowers (such as payment institutions and trading companies). In traditional finance, international payment settlements typically take several days, resulting in billions of dollars being locked in prepaid accounts globally. Huma provides instant liquidity channels through blockchain technology, allowing businesses to access funds in real-time, thereby eliminating settlement delays and capital inefficiency issues.
1. Spread Model (Core Revenue Source) Real Yield Rate 12%-18%: Liquidity providers earn borrowing interest by depositing into Huma's pools. This interest arises from the financing needs of real-world payment scenarios, such as: Cross-Border Payments: Payment institutions require instant settlement to avoid pre-financing costs, and Huma provides stablecoin loans, with interest rates based on market supply and demand. Trade Financing: Suppliers tokenize accounts receivable into RWA collateral to receive early payments from Huma, paying interest. Spread Distribution: The protocol extracts a portion of the difference between borrowing rates and deposit rates as income. For example, if the borrowing rate is 20% and the deposit rate is 15%, the protocol may capture a spread of 2-3%.
2. Protocol Fee Structure (Auxiliary Revenue) Huma adopts a modular protocol design (Huma 2.0 and Institutional) and generates fees through the following mechanisms: Tranche Policy: The protocol supports up to 16 tiers of priority/subordinate tranches, with priority investors receiving lower risk but lower returns, while subordinate tiers take on higher risks but higher returns. The protocol charges management fees on the tranche structure. Huma Docs Yield Manager: Defines yield calculation rules, including upfront fees, back-loading fees, and subscription fees. For example, in the cross-border payment pool, the protocol may charge a transaction fee of 0.5-1%. Other Fees: Include on-chain transaction fees, compliance checks (AML/KYC) fees, etc.
Huma Finance transforms RWA into high-speed, programmable financial assets through the PayFi stack, with yield rates (20%+) and growth metrics (annual trading volume growth of 3.3x) verifying the feasibility of the model. Compared to protocols like Ondo and Ethena, Huma's advantages stem from revenue sources tied to real economic activities, the scalability of its modular tech stack, and an institutional-level compliance framework.
#huma $huma