Question 1

What is Huma Finance (HUMA)?

Accepted Answer

Huma Finance (HUMA) is the native utility and governance token of the Huma Protocol, a decentralised finance (DeFi) infrastructure designed to support the emerging PayFi (Payment Finance) ecosystem. The protocol facilitates real-time, 24/7 global payment settlements using stablecoins and on-chain liquidity, aiming to modernise traditional financial systems.

The Huma Protocol operates in two formats:

- **Huma (Permissionless)**: Launched in April 2025, this version is open to all users, allowing retail investors to participate in Huma pools and engage with the PayFi ecosystem.

- **Huma Institutional**: A permissioned service tailored for institutional investors, providing access to curated, receivables-backed credit opportunities within a regulated framework.

Question 2

What is Huma Finance (HUMA) used for?

Accepted Answer

The HUMA token serves multiple functions within the Huma ecosystem:

- **Governance**: HUMA holders can stake their tokens to participate in protocol governance. The duration of the stake influences voting power, encouraging long-term alignment with the protocol. Stakers can vote on key decisions, including the allocation of liquidity and ecosystem incentives, adjustments to protocol parameters, and the distribution of protocol incentives.

- **Liquidity Provision and Ecosystem Rewards**: The token plays a pivotal role in incentivising liquidity providers and fostering adoption across the Huma protocol ecosystem. Participants can earn rewards for providing liquidity and engaging with the platform.

- **Value Accrual Mechanisms**: Huma employs a deflationary mechanism where 50% of borrower fees are used to buy back and burn HUMA tokens, reducing the total supply and potentially increasing the token's value over time.

- **Ecosystem Currency**: HUMA is used as the medium of exchange within the Huma ecosystem, facilitating transactions and access to various protocol features.

Question 3

Who created Huma Finance (HUMA)?

Accepted Answer

Huma Finance was co-founded in 2022 by Erbil Karaman and Richard Liu, both of whom have extensive experience in technology and finance. Karaman previously held product leadership roles at companies like Facebook, Lyft, and Earnin, while Liu has a background in engineering and venture capital.

The founding team also includes Ji Peng and Lei Du, who bring expertise from Silicon Valley and were part of the ETHDenver 2022 hackathon win that contributed to Huma's inception.

Patrick F. Campos joined the team as Chief Business Officer in February 2025, bringing experience in finance, blockchain, and regulation.

Huma Finance has received backing from prominent industry players, including Solana, Circle, Stellar Development Foundation, and Galaxy Digital.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	HUMA-USDT HUMAUSDT	binance	AA	0.008010USDT	-6.97%	476,048,707.00HUMA	38,114	0.008610USDT	0.008790USDT
2	HUMA-TRY HUMATRY	binance	AA	0.4030TRY	-6.93%	391,458,359.00HUMA	15,029	0.4330TRY	0.4440TRY
3	HUMA-USDT HUMAUSDT_SPBL	bitget	BB	0.008019USDT	-6.74%	156,166,103.47HUMA	23,443	0.008600USDT	0.008780USDT
4	HUMA-USDT HUMA-USDT	okex	A	0.008019USDT	-6.42%	86,436,158.30HUMA	9,090	0.008570USDT	0.008950USDT
5	HUMA-USDT HUMAUSDT	bybit	A	0.008000USDT	-7.08%	30,096,608.50HUMA	4,440	0.008610USDT	0.008790USDT
6	HUMA-USDT HUMA_USDT	gateio	A	0.008023USDT	-6.52%	28,730,634.19HUMA	17,774	0.008583USDT	0.009226USDT
7	HUMA-USDT HUMA_USDT	whitebit	BB	0.008000USDT	-6.76%	12,976,797.00HUMA	5,555	0.008580USDT	0.008810USDT
8	HUMA-USDT HUMA-USDT	kucoin	BB	0.008040USDT	-6.30%	9,896,836.00HUMA	2,092	0.008582USDT	0.008787USDT
9	HUMA-EUR HUMA-EUR	okex	A	0.007200EUR	-8.63%	6,205,893.20HUMA	139	0.007880EUR	0.007939EUR
10	HUMA-USDC HUMA_USDC	whitebit	BB	0.008300USDC	-4.05%	682,911.00HUMA	105	0.008650USDC	0.008810USDC
11	HUMA-USDC HUMA-USDC	okex	A	0.008050USDC	-7.47%	506,392.30HUMA	62	0.008700USDC	0.008880USDC
12	HUMA-TRY HUMA-TRY	okex	A	0.4017TRY	-8.33%	414,433.16HUMA	67	0.4382TRY	0.4382TRY
13	HUMA-KRW HUMA_KRW	bithumbkorea	-	10.77KRW	-7.95%	293,840,916.31HUMA	8,373	11.70KRW	11.79KRW
14	HUMA-USDT HUMA_USDT	coinw	-	0.008010USDT	-6.97%	60,912,112.37HUMA	2,336	0.008610USDT	0.008760USDT
15	HUMA-USDT HUMAUSDT	toobit	C	0.008000USDT	-6.98%	55,152,419.00HUMA	11,652	0.008600USDT	0.008780USDT
16	HUMA-USDT HUMAUSDT	bitrue	D	0.008010USDT	-6.97%	41,889,957.15HUMA	7,510	0.008610USDT	0.008770USDT
17	HUMA-EUR HUMA-EUR	bitvavo	B	0.007202EUR	-6.30%	26,734,710.89HUMA	1,544	0.007686EUR	0.007900EUR
18	HUMA-USDT HUMA_USDT	bitunix	C	0.008030USDT	-6.63%	17,655,097.00HUMA	12,061	0.008600USDT	0.008850USDT
19	HUMA-BTC BTC-HUMA	upbit	B	0.0₆1100BTC	-8.33%	17,070,662.62HUMA	231	0.0₆1200BTC	0.0₆1300BTC
20	HUMA-USDT HUMA-USDT	bingx	D	0.008019USDT	-6.74%	16,424,298.43HUMA	15,515	0.008600USDT	0.008800USDT
21	HUMA-USD HUMA-USD	btse	-	0.008050USD	-6.40%	13,823,168.30HUMA	27,471	0.008600USD	0.008790USD
22	HUMA-USDT huma_usdt	digifinex	D	0.008019USDT	-6.53%	8,154,232.92HUMA	3,266	0.008580USDT	0.008840USDT
23	HUMA-USDT HUMAUSDT	mexc	C	0.008070USDT	-6.60%	7,755,205.69HUMA	3,568	0.008640USDT	0.008970USDT
24	HUMA-USDT huma_usdt	lbank	C	0.008070USDT	-6.60%	6,946,008.80HUMA	4,411	0.008640USDT	0.008780USDT
25	HUMA-USDC HUMAUSDC	mexc	C	0.008030USDC	-6.95%	6,644,950.26HUMA	3,001	0.008630USDC	0.008800USDC
26	HUMA-USDT HUMA_USDT	bydfi	-	0.008059USDT	-6.71%	5,720,949.81HUMA	3,097	0.008640USDT	0.008760USDT
27	HUMA-THB THB_HUMA	bitkub	C	0.2747THB	-8.43%	809,784.71HUMA	71	0.3000THB	0.3000THB
28	HUMA-KRW HUMA_KRW	coinone	C	11.05KRW	-3.75%	639,445.06HUMA	223	11.48KRW	11.86KRW
29	HUMA-USDT HUMA-USDT	btse	-	0.007979USDT	-7.32%	517,371.70HUMA	1,360	0.008610USDT	0.008790USDT
30	HUMA-IDR humaidr	indodax	E	145.72IDR	-7.18%	386,215.00HUMA	184	157.00IDR	199.00IDR
31	HUMA-INR HUMAINR	coindcx	-	0.8450INR	-4.02%	129,097.94HUMA	76	0.8804INR	0.8992INR
32	HUMA-USDC HUMA-USDC	btse	-	0.008019USDC	-6.74%	41,760.10HUMA	809	0.008600USDC	0.008750USDC
33	HUMA-USDT USDT-HUMA	upbit	B	0.007001USDT	-22.21%	13,693.57HUMA	2	0.009000USDT	0.009000USDT