Summarize my thoughts on some recent popular projects.

The project is definitely a necessity in the payment field. Friends who have worked in payments know how thick the profits are. To be honest, this is more reliable than most DEFI at the underlying layer!

However, a 10% APY may be maintained during a bear market, but if the market rebounds, will it relatively weaken the ability to raise funds? Especially after the TGE, users' reliance on the protocol, after all, the users currently in the market are not just trying to make a little money during the bear market, but also have expectations of token issuance.
However, as a project, it may have already secured funding through traditional channels and does not need to rely on the low user engagement of the cryptocurrency market for fundraising.

In addition, the entire business still relies on off-chain operations, which is the only risk exposure here. We can only trust the project parties to have good matching relationships and high credibility with their partners, after all, Huma is just a bridge for funding parties and is not yet the underlying payment infrastructure.

If everyone is based on the U-based strategy, I think Huma is still quite good, at least you know whose money you are actually earning. My own thoughts on the project are just from the perspective of an entrepreneur analyzing the long-term and positioning of the project.