Roam and Huma Launch DePIN Hardware Loan Program

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September 19, 2024
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Roam Partners with Huma to Launch DePIN Hardware Lending Program

Decentralized global broadband roaming network provider Roam has partnered with Huma, a payment and financing network focused on Real-World Asset (RWA) tokenization, to launch a DePIN hardware lending program. This program will help Roam rapidly deploy its underlying infrastructure, driving the development of its decentralized network.

Simultaneously, this initiative will enable Huma platform users to participate in the construction of the DePIN network using on-chain PayFi tools, earning significant and stable returns. Users can stake the cash flow generated by Roam Growth products within the Solana ecosystem and obtain loans quickly from the Huma platform, using Roam tokens or NFTs as collateral. These loans can be used to purchase Roam's Wi-Fi hardware equipment, enabling participation in the global decentralized Wi-Fi network and earning RoamPoints rewards.

This program also leverages the on-chain supply chain finance platform developed by PolyFlow, facilitating small-scale loans for individual or multiple mining rigs.

Previously, Huma announced the completion of a $38 million funding round, planning to expand to multiple public chains including Solana. Roam has previously completed two funding rounds, securing tens of millions of dollars. Its network covers nearly 200 countries, with over 700,000 registered Roam app users, exceeding 600,000 owned nodes and 3.5 million OpenRoaming nodes.

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