Huma is an income-backed DeFi protocol, working to enable the first web3 invoice factoring experience by integrating with Request Network.
On this episode, we speak with its Co-founder & CEO, Erbil Karaman on how to use on-chain future payments (or receivables) as collateral to obtain financing, and how using a RequestNFT allows the future cash flow to be tradable to any willing finance provider.
Request Foundation’s mission is to provide a universal (or single) ledger for decentralized payments, by creating an ecosystem of interoperable financial apps. For example, someone could issue an invoice in Request Finance and secure immediate financing through Huma.
0:00 Coming Up (Income-backed Defi)
0:25 Intro
2:42 How Erbil got into blockchain
9:18 Traditional v/s web3 invoice factoring
13:25 State of Defi today for real-world use cases
17:17 Huma Finance features & progress
21:35 Evaluating creditworthiness
26:08 Opportunities for Lending protocols
30:00 RequestNFT & why Huma upgraded the Request protocol
32:41 Beta, MVP & Roadmap
35:55 Closing thoughts
40:16 How to collaborate & learn more about Huma
