HUMA Description
Overview
Huma Finance (HUMA) is a PayFi protocol on Solana that combines real-world receivables financing with income-backed credit, settled on-chain using stablecoins.
The token's native and canonical deployment is on Solana; a bridged instance also exists on BNB Smart Chain. Huma Finance was founded in 2022, and its Solana token contract was deployed on 2025-03-25 — later than the project's founding.
Value Proposition
Huma Finance differentiates itself within the PayFi category by financing real-world receivables and invoices on-chain, rather than relying solely on over-collateralized crypto lending.
As of early September 2026, Huma Finance V2 reported total value locked of approximately $215.79 million, up about 19.8% over the trailing 30 days, entirely on Solana. It ranked #4 by TVL among tracked Yield-category protocols. The HUMA token captures this activity through staking-based governance tied to incentive allocation across the protocol.
Token Basics
HUMA is both a utility and governance token: holders stake it to earn rewards and to gain voting power over protocol parameters.
Longer staking durations confer greater governance voting weight, giving long-term stakers greater influence over protocol decisions.
Tokenomics
Maximum supply is 10,000,000,000 HUMA, with roughly 1,733,333,333 HUMA (17.33%) circulating as of 2026-09-02.
- Initial TGE allocation: 5% airdrop, 7% CEX/marketing, 4% market-making/liquidity
- Investor allocation: 20.6% of total supply
- LP/ecosystem incentives: 31% of total supply, decaying 7% per quarter, adjustable by governance
- Team and investor tokens lock 12 months post-TGE, then vest over 3 years
Net emission is disinflationary, driven by the quarterly step-down of LP/ecosystem incentive issuance.
Launch & Funding
Huma Finance raised $46.3 million across two funding rounds before HUMA launched via a token generation event (TGE).
- Seed round: $8.3M, closed 2023-02-23, led by Race Capital and Distributed Global, with ParaFi Capital, Circle Ventures, and Folius Ventures
- Series A: $38M, closed 2024-09-11 ($10M equity plus $28M in RWA investment commitments), led by Distributed Global with HashKey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures
At TGE, initial circulating supply was set at 17.33% of max supply, including a 5% airdrop. The Solana contract deployed 2025-03-25, after the 2022 founding.
Blockchain & Consensus
HUMA's native and canonical deployment is on Solana, which uses a Proof of History-enhanced Proof of Stake consensus mechanism.
A bridged instance of HUMA also exists on BNB Smart Chain, which uses Proof of Staked Authority consensus. Huma Finance does not operate its own blockchain or validator set; it relies on Solana's validator network for settlement.
Team
Huma Finance was founded in 2022 by four co-founders: Erbil Karaman, Richard Liu, Ji Peng, and Lei Du.
Erbil Karaman (Co-Founder and Co-CEO) previously held product/growth roles at Lyft, EarnIn, and Meta/Facebook. Richard Liu (Co-Founder and Co-CEO), an engineer, was Engineering Director at Google on Google Fi, CTO at EarnIn, and founder of Leap.ai (acquired by Facebook). Ji Peng and Lei Du also previously worked at Google, Meta, Lyft, Microsoft, EarnIn, and Opendoor.
Issuing Organization
Huma Finance is developed and maintained by Huma Technologies Inc., a for-profit company headquartered in San Francisco, California.
The company builds the PayFi protocol that combines real-world receivables and invoice financing with income-backed, stablecoin-settled credit, live primarily on Solana.
Governance
HUMA governance is staking-weight-based: token holders stake HUMA to gain voting power, with longer staking durations conferring greater weight.
Governance covers allocation of ecosystem and liquidity-provider incentive emissions, incentive allocation for ecosystem partners and community contributors, and adjustments to certain protocol parameters, including the LP/ecosystem incentive decay curve (a 7%-per-quarter step-down).
Roadmap
Huma Finance's recent development priorities center on expanding stablecoin liquidity partnerships across payments and real-world-asset credit markets.
- Became a liquidity provider for the Circle Payments Network (CPN), supplying settlement liquidity on Solana for USDC-based cross-border payments
- Partnered with Zeus Network, a Bitcoin-Solana interoperability protocol, on an incentive campaign
- Provided USDC liquidity for Tala's Solana-based tokenized lending platform for underbanked users
- Partnered with the Celo Foundation to deploy an on-chain RWA credit platform on Celo
- Partnered with Obligate to expand DeFi access to trade-finance markets
Security
Huma Finance has undergone two security audits: CertiK (completed 2022-12-30) and Halborn (December 2024 to January 2025), with no critical or high-severity issues found by Halborn.
Halborn's audit of Huma's Solana programs identified 20 total findings — 7 low severity (6 resolved) and 13 informational (5 resolved) — with no critical or high-severity findings; Huma reported addressing 100% of reported findings. DEX liquidity for the Solana token is thin (roughly $431,900), and Binance delisted the HUMA/USDC margin trading pair effective 2026-08-21, both of which constrain liquidity access.
Frequently Asked Questions
What is Huma Finance (HUMA)?
Huma Finance (HUMA) is a PayFi protocol on Solana that finances real-world receivables, invoices, and income-backed credit, settling transactions on-chain with stablecoins. It bridges traditional payment financing with decentralized finance, providing liquidity for cross-border payments and trade finance. The project was founded in 2022, with its Solana token deployed on 2025-03-25.
What blockchain does HUMA run on?
HUMA's native and canonical deployment is on Solana, deployed 2025-03-25. A bridged instance also exists on BNB Smart Chain for secondary EVM tooling. Solana uses a Proof of History-enhanced Proof of Stake consensus mechanism, and Huma does not operate its own blockchain or validator set.
What is the HUMA token used for?
HUMA is both a utility and governance token. Holders stake HUMA to earn staking rewards and gain governance voting power, with longer staking durations conferring greater voting weight. Staked voting power covers decisions such as incentive emission allocation, ecosystem-partner incentives, and adjustments to certain protocol parameters like the incentive decay curve.
What is HUMA's total and circulating supply?
HUMA has a maximum supply of 10 billion tokens. As of 2026-09-02, circulating supply is approximately 1,733,333,333 HUMA, or 17.33% of the max supply, matching the token's published initial TGE allocation of airdrop, CEX/marketing, and liquidity tranches. Team and investor tokens vest over three years following a twelve-month lock.
Who founded Huma Finance?
Huma Finance was founded in 2022 by Erbil Karaman, Richard Liu, Ji Peng, and Lei Du. Karaman and Liu serve as Co-CEOs; Liu previously was Engineering Director at Google and CTO at EarnIn, while Karaman held product and growth roles at Lyft, EarnIn, and Meta/Facebook. Backers include Race Capital, Distributed Global, and Stellar Development Foundation.
How much funding has Huma Finance raised?
Huma Finance raised $46.3 million across two rounds: an $8.3 million seed round closed 2023-02-23 led by Race Capital and Distributed Global, and a $38 million Series A closed 2024-09-11 ($10 million equity plus $28 million in RWA investment commitments) led by Distributed Global with Stellar Development Foundation and other backers.
Has Huma Finance been audited?
Yes. Huma Finance has been audited twice: by CertiK (completed 2022-12-30) and by Halborn (December 2024 to January 2025), which reviewed Huma's Solana programs and found 20 total findings with zero critical or high-severity issues, reporting that 100% of reported findings were addressed.
What is Huma Finance's total value locked (TVL)?
Huma Finance V2 reported total value locked of approximately $215.79 million, up about 19.8% over the trailing 30 days as of early September 2026, with 100% of that TVL on Solana. The protocol ranked #4 by TVL among tracked Yield-category protocols at that time.
