In 2024, we have seen countless narratives about air, but by 2025, the only one that can actually run is:
Bringing the hard assets that are still skyrocketing in price in the real world onto the chain.
Currently, the only one executing and having achieved nearly $200 million in TVL is GAIB.
1. Why is GPU the most certain tangible asset from 2025 to 2027?
1. The supply-demand gap continues to widen
- The global demand for new AI training in 2025 is expected to require 1.2 to 1.5 million H100 equivalent cards (Source: Epoch AI, SemiAnalysis latest report)
- NVIDIA's actual shipment forecast for 2025: 750,000 to 850,000 units (TSMC CoWoS capacity bottleneck)
→ Gap of over 500,000 cards, rental prices will only get more expensive
2. Both spot prices and daily rental prices hit historical highs (as of 2025.11.19)
- 8×H100 server spot price: $410,000～$440,000/unit (it was $310,000 six months ago)
- Daily rental price per card: H100 $1.94～$2.10, B200 $3.20～$3.60 (Lambda, CoreWeave public quotes)
3. Traditional finance cannot enter at all
Banks do not accept assets that have a technology iteration of 18 months as collateral, and VCs find the return cycle too long.
The only solution: move machines on-chain, use DeFi's over-collateralization mechanism to realize future cash flows in advance.
This is exactly what GAIB is doing.
Two, GAIB's core model: More aggressive real-world cash flow anchoring than crvUSD, GHO
Traditional over-collateralized stablecoins: Collateral is ETH/stETH/CRV (price volatility is large)
@GAIB AI AID: Collateral is a GPU cluster running commercial orders (cash flow fluctuations are minimal)
Specific mechanism:
1. Data centers transfer machines to GAIB on-chain vault (currently all deployed on Arbitrum)
2. Mint AID (AI synthetic dollar, soft peg 1 USD) with 180~250% over-collateralization rate based on current spot price
3. Machines continue to take orders 24h for computing power, rental income is 100% collected in real-time to the vault
4. AID holders can one-click stake into sAID to enjoy all rental dividends (daily settlement, on-chain transparency)
Currently, approximately 28,400 H100 + 6,800 B200 equivalent computing power has been on-chain, TVL 193 million USD, sAID real-time annualized 16.8~21.3% (weighted average of 18.7% over the past 90 days).
Three, deep integration of GAIB with mainstream DeFi protocols (already online + upcoming)
1. Already integrated
- Aave V3: sAID borrowed against USDC/USDT as collateral, annualized cost 4~6%
- Pendle: sAID can be split into PT (lock until June 2026, current discount 18%) + YT (aggressive annualized up to 46%)
- Morpho Blue: 180% collateralization rate lending pool, current lending scale exceeds 42 million USD
- Curve & Convex: AID/sAID four pools (AID-USDC-USDT-USDe), excellent depth, slippage < 5bp
2. Coming soon (officially confirmed)
- Frax Finance: sAID will become the core collateral asset of frxGPU
- Yearn: Automated sAID→Pendle YT strategy (target annualized 35%+)
- Sommelier: Institutional-level real-yield strategy vault
This means you can treat sAID as a 'super stETH with a real bottom interest of 18%' to play with, leverage, split, automated arbitrage, do whatever you want.
Four, the most conservative growth path for the next 18 months (only counting signed contracts)
- December 2025: Adding 12,000 cards (two Tier-3 data centers in North America) → TVL exceeds 480 million
- March 2026: Adding another 28,000 cards (Europe + Singapore) → TVL 1.1 billion+
- June 2026: Southeast Asia + Middle East cluster online → TVL 2.2~2.5 billion
Average annualized sAID is expected to be 14~19% (the larger the scale, the cheaper the electricity, and the dividends are more stable)
Five, risk checklist
1. Short-term yield fluctuations: When contracts expire and are renewed in 7~30 days, annualized returns may drop to 11~13% (has occurred 3 times)
2. GPU spot prices drop > 45%: will trigger liquidation (has not occurred in the past 24 months)
3. Regulatory risk: All North American hosting facilities have compliance licenses, but there is no guarantee of future KYC requirements
4. The team is not fully doxxed: multi-signature member identities can be traced back to old projects from 2021, but no faces are publicly available
Six, a brief summary
In 2025, you will see countless RWA projects shouting about real estate, treasury bonds, gold, with annualized returns of 4~8%, which sounds very 'compliant', but can't keep up with inflation at all.
What GAIB is doing is very simple and straightforward:
Move the world's most scarce, expensive, and cash flow robust physical assets (GPUs) on-chain, allowing everyone to enjoy the super dividends of AI infrastructure in advance.
I and my team have already converted 85% of our dollar liquidity into sAID, leaving the remaining 15% for the next major adjustment to increase positions.
