In the field of fintech, an innovative solution is emerging. The PayFi network launched by Huma is bringing the capital turnover of cross-border payments into the blockchain domain, creating new possibilities for the traditional payment industry.

The core advantage of the PayFi network lies in allowing payment institutions to utilize stablecoins and on-chain liquidity for round-the-clock clearing and settlement. This innovation significantly reduces the need for pre-funding, shortens waiting times, and lowers overall operational costs. It is worth noting that PayFi's positioning is very clear, focusing on serving actual payment traffic scenarios.

Since its launch on the Solana platform in 2024, Huma has achieved significant results. It has been reported that its cumulative transaction volume has exceeded $3.8 billion. More notably, Huma has brought double-digit real returns to liquidity providers (LPs). These returns primarily come from transaction fees and financing interest from payment operations, rather than the "mining-selling" model commonly seen in traditional cryptocurrency projects.

Looking ahead, Huma plans to launch version 2.0 in 2025, further opening up its ecosystem. The new version will introduce two yield models: Classic and Maxi, along with flexible lock-up period options. Additionally, Huma 2.0 will strengthen collaborations with other projects in the Solana ecosystem, such as Jupiter, Meteora, Kamino, and RateX, providing LPs with more sources of liquidity and yield.

In terms of technological innovation, Huma abstracts positions into PST (which may be a tokenized asset), allowing users to directly exchange USDC on Jupiter or to collateralize and borrow USDC on Kamino, thereby improving capital turnover efficiency.

The incentive mechanism has also been upgraded, evolving from the original Points system to the new Feathers system. The new system supports the stacking of reward multiples based on various dimensions such as participation mode, lock-up duration, and whether the user is an early participant, better rewarding long-term participants.

Finally, Huma launched its own token HUMA, serving as a utility and governance asset for the network. The HUMA token will be used for ecosystem incentives, governance voting, and other internal functions of the protocol, becoming an important carrier of the network's value and decision-making.

With the continuous development and improvement of the PayFi network, it is expected to become an important bridge connecting traditional finance and the blockchain world, bringing revolutionary changes to the cross-border payment industry.