Humidefi Documentation Page

Humidefi is a decentralize finance hub for UMI and PHPU. UMI is its native token while PHPU is a collateralized stable coin peg to the Philippine Peso.

As a decentralize finance hub, it enables you to:

1. Buy Cryptocurrency – You will have a the ability to buy UMI and PHPU using facilities like Transak and GCash.
2. Pay in Cryptocurrency – You pay directly anywhere your suppliers. You could even pay bills, utilities, and taxes.
3. Invest with Cryptocurrency – With UMI, you can invest in staking pools or even Parachains and Parathreads. We are also going to create a loan facility for PHPU.
4. Swap between Cryptocurrencies – Swapping different currency cost a lot due to Forex fees, with Humidefi, you can swap with almost no fees.
5. Redeem your stable coin to local currency - With PHPU, you can withdraw anytime using any partner banks and payment facilities.

Humidefi supports Smart Contracts. This enables any software engineer easy entry to Web3.0 app development.