The DeFi sector is witnessing a revolutionary transformation. Traditional decentralized lending models have faced much criticism for their over-reliance on over-collateralization, and the emergence of Huma Finance may completely change this landscape.

Huma Finance is redefining the assessment of on-chain credit with its unique Proof of Income technology. The platform provides users with unsecured loan services based on actual repayment ability by analyzing users' on-chain income streams in real-time, such as stablecoin salaries and protocol earnings. This innovation greatly improves the efficiency of fund usage while lowering the financing threshold for ordinary users.

Huma's core advantages are reflected in three aspects: first, its dynamic credit scoring system can transform users' on-chain transaction history into quantifiable credit metrics; second, the instant settlement pool provides funding providers with an automated risk-neutral mechanism; finally, by establishing a bridge for real-world assets (RWA), Huma successfully connects traditional financial institutions with crypto-native cash flows.

Currently, Huma has achieved remarkable results on the Base chain, processing a total loan amount of over $150 million, with a default rate close to zero. This not only proves the effectiveness of its model but also provides reliable credit support for crypto-native professional groups such as DAO organizations and freelancers.

The success of Huma Finance is proving to the market that Decentralization credit does not equate to high risk. With the promotion of this new lending paradigm, the DeFi lending market in 2024 is expected to usher in a qualitative leap. Huma's innovation may become a key force driving the entire industry forward, bringing convenience to more users while injecting new vitality into the healthy development of the DeFi ecosystem.