Huma Finance

Latest Update: Huma Finance Season 1 Airdrop Claim Launch

Huma Finance Season 1 Part 1 & 2 claim is now live. Here are the essential details:

Claim Timeline

• Part 1: August 26, 1PM UTC
• Part 2: September 26, 1PM UTC
• Claiming Deadline: October 26, 1PM UTC
• Claim Website

Snapshot Information

• Season 1 Snapshot: August 23, 6:30PM UTC (slot 362031198)
• KaitoAI Snapshot: August 26

Distribution Details

Season 1 allocates 2.1% of the total $HUMA token supply:

• 68%: LPs & $HUMA stakers
• 22%: Ecosystem Partners
• 10%: Community & Yappers

Important Warning

Withdrawing locked $PST & $mPST tokens during the claim period will reduce your Part 2 allocation. Keep your tokens locked to maintain full eligibility.

Season 2 Updates

Season 2 is already live with a new “Feathers” accumulation system. Check the Huma DApp to track your progress, as the next airdrop is scheduled for approximately three months from now.

How to Participate in the Huma Finance Ecosystem

1. Visit the official Huma Finance application
2. Connect your Solana wallet
3. Navigate to the “Deposit” section
4. Choose between two yield options:
   • Classic Strategy: Earn approximately 10.5% APY (real yield, updated monthly) plus Huma Feathers
   • Maxi Strategy: Earn 0% APY but receive up to 25x more Huma Feathers
5. Deposit your funds into your chosen strategy
6. Receive liquid LP tokens called $PST for your contribution
7. Optional: Consider locking your capital for 3 or 6 months to earn additional Huma Feathers

Latest Update: Huma Finance $HUMA Season 0 Token Claim and Staking Launch (Ended)

Huma Finance has launched the claim and staking process for their $HUMA token, marking the decentralization of the first PayFi network.

Important Deadlines

• Claim and Staking Live: Today at 12:30PM UTC
• Claim Window Ends: June 26th, 11:59PM UTC

How to Claim

Visit the official claim portal to access your $HUMA tokens.

Staking Benefits

Staking your $HUMA tokens provides several exclusive rewards:

• Staking Rewards: Earn rewards for every $HUMA token staked
• Enhanced Feathers: Earn additional feathers when holding $PST or $mPST
• Vanguard Status: Achieve special status by keeping tokens staked for 6 months
• Flexible Unstaking: No lockup periods or vesting requirements – unstake anytime

How to participate in the Huma Finance Testnet? (Expired)

1. Visit the Huma Finance website.
2. Connect your wallet.
3. Change the network to Goerli testnet.
4. Now get test ETH from the Goerli faucet.
5. Go back to Huma Finance and click on “Get Test USDC” to get test USDC.
6. Now click on “See your Invoices” and create an invoice.
7. Again connect your wallet to the requesting page, enter the USDC amount, enter a secondary wallet address and create the invoice.
8. Go back to Huma Finance Invoices page, click on “Get Paid Now”, click on “Add me to allow list” and then enter the amount you want to borrow and accept the terms to borrow.
9. Now go back to Huma Finance’s “Borrow” section, click on ”Check your credit line” and open a credit line by entering the amount of USDC.
10. You could also change the network to Polygon mainnet and do mainnet actions to increase your chances.
11. Early users who’ve done testnet and mainnet actions may become eligible for an airdrop. Huma stated that it will be launching its token in the near future.
12. Please note that there is no guarantee that they will do an airdrop. It’s only speculation.

Frequently Asked Questions

What are Huma Feathers?

Huma Feathers are the project’s points system that tracks user participation and engagement with the platform. They replace the previous Huma Points system, with old points being converted at a 1:1 ratio. Feathers could potentially determine eligibility and allocation in any future token distribution.

Do I need to lock up my capital to participate?

No, Huma 2.0 does not require any lock-up period for basic participation. However, optional 3-month or 6-month lock-up periods are available for users who want to earn additional Huma Feathers, potentially increasing their chances for higher rewards in any future airdrop.

How does the Classic strategy differ from the Maxi strategy?

The Classic strategy offers a balanced approach with approximately 10.5% APY real yield (updated monthly) plus a standard amount of Huma Feathers. The Maxi strategy foregoes immediate yield (0% APY) but provides up to 25 times more Huma Feathers, positioning users for potentially larger allocations in any future token distribution.

Conclusion

Huma Finance represents an interesting opportunity in the emerging PayFi sector, bridging traditional financial settlement with blockchain efficiency. The newly launched Huma 2.0 with its Feathers system provides multiple entry points for users interested in both earning yield and positioning themselves for any potential future token distribution.