We had an amazing time at ETHDenver '23! It was a fantastic opportunity to reflect on how far we have come since winning the DeFi track at last year's conference. As a sponsor this year, we were able to give back to the ecosystem and elevate our collective mission to bring DeFi to the 99%. We are humbled by the overwhelming support and interest we got from everyone we met.
Highlights from the trip
ETHDenver was jam-packed with events, and we were lucky enough to attend and speak at multiple ones. Our team presented a keynote and workshop, where we shared our vision for Huma and how it is changing the game in the DeFi ecosystem. We also joined Circle on the Genesis stage alongside Goldfinch and Flow Carbon to discuss bringing real-world assets on-chain.
“The next wave is about building solutions that meet real world use cases, not just putting technology first.”
During ETHDenver, our co-founders Richard and Erbil were invited to join panel discussions at various side events. Richard spoke at the Next Billion Summit hosted by Ambire Wallet, where he shared his insights on what Web3 can learn from Web2 to onboard the next billion users. Erbil participated in a panel at the Buttonwood event, where he discussed receivables, cash-flows, and tranches alongside DebtDAO and Ampleforth.
At the Huma booth, we had the opportunity to spread the word about our mission and connect with other projects in the industry. It was our first-ever booth, and we enjoyed giving out some memorable swag, including laptop cases, notebooks, pens, and the Humanoid NFT stickers. It was great to meet the community and share our excitement for Huma's future.
We met so many talented builders who participated in our bounty program during the BUIDLathon. The Huma Hackerhouse was buzzing with activity as teams worked on projects that will have a meaningful impact in the DeFi space. We hosted a special Huma Hackerhouse event, which provided a unique opportunity for our builders, investors, and partners to connect and build relationships.
Projects building on Huma
During ETHDenver, 26 projects were built on the Huma protocol, with three of them making it to the top 18 – Krypto Kredit, Rhinestone, and Tribe Credit. We were amazed by the level of talent in the space and are excited to work with these teams to help them bring DeFi to the 99%. We’ve highlighted some below.
Krypto Kredit is a project that aims to turn everyday transactions into on-chain credit. This is especially useful for communities around the world that still use cash and have no on-chain credit history. They have developed a PoS validator solution that distributes certificates of payment that transition payment history on-chain. This opens up financial opportunities that people may not have had access to before.
Tribe Credit created an easy way for anyone to start their crypto credit journey through social staking. Tribe members allocate different amounts of social trust for individuals to borrow from their pool.
Rhinestone has built an open-source account abstraction wallet standard, which allows for the creation of custom plugins that can be used to implement decentralized credit lines. This innovative solution simplifies the process of creating decentralized credit lines, providing a secure and efficient way to manage lending and borrowing activities in a trustless environment.
Crypto Credit Line is a project that enables crypto credit unions to leverage treasury assets. Web3 startups are often token-rich but cash-flow-poor. People can pledge treasury tokens with others to form Credit Union DAOs. Credit Union Shares can be used as collateral to borrow from lending pools.
IRL-trust has developed sybil-resistant credit scores for the bankless. They have orchestrated peer-to-peer lending among friends and family on the blockchain to create accountability. Trust tokens are used as collateral, and defaults impact others. Social recovery is built-in for non-crypto-native communities.
GitCredit is a project that uses GitHub activity as input to determine creditworthiness. Engineers are some of the most creditworthy participants in the global ecosystem. Successful tech companies first look at your GitHub activity to make hiring decisions, why not use that to give young and ambitious developers around the world a life-changing financial opportunity?
SalusMint aims to create sustainable outcomes for the NFT ecosystem in a zero-royalty world. Mint proceeds go into a vault that invests in low-risk DeFi. Both creators and collectors receive shares from the vault, which can be used as collateral to borrow at any time.
zkJoey is a project that provides a credit line for every wallet. It uses smart contract wallets based on ZKSync Account Abstraction and underwrites credit lines by on- and off-chain income signals. Collateral requirements are met by hybrid custody within the wallet.
We’re planning to host a community call to discuss how ETHDenver went and what we will be up to next, join here.
About Huma Finance: Huma Finance is an income-backed lending protocol and winner of ETHDenver 2022’s Decentralized Finance track. Huma is on a mission to onboard the next billion DeFi participants who want to use their income or revenue to borrow, allowing any business or individual to leverage the technology regardless of their crypto holdings. Huma Finance recently launched the first web3 invoice factoring market partnering with Circle, and the blockchain payment networks Request Finance and Superfluid.
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To learn more about Huma Finance read our Whitepaper.