A decentralized finance (DeFi) protocol focused on AI infrastructure @USDai_Official has announced its token, developed by Permian Labs, with the core being the issuance of an over-collateralized, yield-bearing stablecoin USDai.
Specifically addressing the massive capital expenditure pain points on GPU/computing hardware for AI companies (especially small to medium-sized ones, not at the OpenAI level).
The $75 million quota opened on October 25 was filled in 52 seconds, indicating the project's popularity.
Investment institutions
Framework Ventures, Bullish, Dragonfly, Arbitrum, YZi Labs, Coinbase Ventures
Operating logic
AI companies collateralizing with GPUs
→ Borrow USDai/PYUSD to build computing power
→ Pay interest
→ Depositors pledge sUSDai to earn real returns
→ $CHIP holders govern the entire system, deciding interest rates and direction
→ PayPal/PYUSD provides entry and incentives, driving scale.
High-quality project, waiting for subsequent official airdrop and ICO information