Recently, there has been a wave of excitement in the Chain Community regarding Huma. Unlike common Crypto Assets projects, Huma Finance is pioneering a brand new financial model—PayFi (Payment + Finance). The core of this model lies in transforming real-world income into on-chain assets, thereby enabling credit financing.

Huma's innovation lies in its concept of 'income on-chain + credit financing'. This means that whether it is the monthly income of freelancers, accounts receivable of companies, or project payments from outsourced teams, as long as there is a stable income record, loans can be applied for on the platform. This model breaks the traditional DeFi reliance on collateralization of crypto assets and instead focuses on the value of cash flow itself.

Essentially, Huma is reconstructing the underlying logic of DeFi. It is no longer limited to the 'coin generates coin' model, but has pioneered a new paradigm of 'cash flow generates credit'. This approach not only expands the application scope of DeFi but also provides possibilities for the deep integration of the real economy and Blockchain technology.

The recent attention on Huma is due to its series of substantial advancements. The platform has launched staking activities, introduced a points system, and established connections with AI and RWA (Real World Assets) ecosystems. More notably, Huma is actively integrating real-world financial data, which means its business model is transitioning from theory to practice.

The emergence of Huma signifies that the DeFi sector is evolving towards a direction that is closer to traditional finance and more practical. This model, which transforms real-world income into on-chain assets, may bring new opportunities for financial inclusion while also opening up new possibilities for the application of blockchain technology in broader fields.

However, we also need to recognize that this innovative model may face challenges in multiple areas, including regulation, technical implementation, and user privacy protection. Whether Huma can successfully land and be widely applied in the future still requires testing by the market and verification over time. In any case, Huma's attempt provides a new idea for the future development of DeFi, which is worthy of continued attention from the industry.