USD.AI (CHIP) has officially entered a crucial phase for airdrop redemption. Airdrop radar monitoring indicates that the project status has transitioned from the early task participation stage to "claimable," marking the complete closure of historical Allo Point score acquisition tasks and ICO participation entry. For participants who previously chose between the airdrop route (cyan points) and the ICO route (brown points), the current core window period is no longer about acquiring more tokens, but rather making final decisions between confirming allocation amounts, retaining chips, and withdrawing refunds.

According to AiCoin data obtained from airdrop radar, USD.AI demonstrates strong fundamental support during this phase, with public financing amounting to approximately $36.8 million, providing significant reference for the project's liquidity and credit endorsement during the redemption period. Starting from March 17, 2026, the official Allocation Check & Refund Flow path has been opened, and participants must connect their wallets through a specified entry within a limited window to verify their CHIP allocations and upgrade eligibility across different paths. Currently, the project's heat changes in the airdrop radar remain stable without extreme fluctuations, reflecting that market participants are in a calm observation and settlement period.

The decision variable in this phase lies in the trade-off of “certainty”: whether to apply for a refund through the CoinList channel at the cost of sacrificing token allocation for cash flow liquidity, or to choose to hold CHIP, betting on its secondary market performance supported by $357 million TVL and over $10 billion in on-chain transaction volume. The airdrop radar reminds that refund applications are irreversible and the window period is extremely brief. Participants should closely monitor the mid-term refund data published on March 20 and 22 to assess the overall concentration of chips and the potential market selling pressure boundaries.

From Score Game to Redemption Choice: CHIP Enters Substantial Claiming Period

The participation logic of USD.AI has undergone a fundamental turnaround. Looking back to August 19, 2025, when the project launched the Airdrop/ICO Program in conjunction with Allo Point Farm, users faced a scoring game about "risk preference": one option was an ICO route with a $300 million FDV, allocating 7% of tokens but no local yield (earn brown points); the other was an airdrop route allocating only 3% of tokens but with yields and a 2x leverage (earn cyan points). As airdrop radar detected the official closure of historical Allo task entry, this early game phase based on earning points has come to an end, and the logic has completely shifted to confirming actual token allocations and making redemption choices.

Currently, users can switch their role from task participants to "asset holders" or "exitors." By accessing the official application https://app.usd.ai/chip and connecting their wallets, participants can verify the specific allocation amounts of CHIP tokens they have obtained through ICO or airdrop paths in one stop and view their corresponding upgrade eligibility. Airdrop radar data shows that the TGE claim entry has been highly integrated into the USD.AI application. This leap from "scoring" to "checking balance" implies that new task opportunities have essentially vanished, and the current core influencing variable for users is no longer operational frequency but the strategy for handling existing chips.

This phase of change has directly led to a contraction of participation boundaries. In the current claiming interface, allocation confirmation and subsequent actions are positioned in the same dimension, which means users must complete allocation locks under established rules. For early participants, the focus should now shift from seeking new entry points to fine management of existing assets. With the task path having been closed, the scarcity of chips and the irreversibility of refund options together create the current decision pressure. How to utilize the disclosed allocation data and upgrade eligibility to optimize the final profit model has become the primary issue after entering the substantial claiming period.

Refund Window and Allocation Retention: Profit Trade-off Between Two Paths

After entering the substantial claiming period, participants face the core dilemma between "locking in profits" and "holding bets." According to the official announcement monitored by airdrop radar, USD.AI has opened a refund application channel on the CoinList platform. This path provides an exit mechanism for users who hold a cautious attitude about the current market environment or project direction: participants can log in through a specific official link and submit a refund application. However, this decision carries a high sunk cost—once a refund is chosen, users will irreversibly lose all allocation eligibility for CHIP tokens. This means that refunds are not partial cashing out but rather a complete exchange of funds, sacrificing the potential volatility gains of tokens for the certainty of recovering initial investment funds.

From a timing perspective, the decision window is very tight. The deadline for refund applications is clearly set for March 22, 2026, and funds are expected to be deposited into users' CoinList wallets the following day (March 23). To assist the market in assessing participation, the team plans to release mid-term results regarding refund amounts on March 20 and 22 in two phases. This data holds significant reference value for undecided users: the height of the refund ratio directly reflects the community's level of consensus on the long-term value of CHIP. A high refund ratio may increase short-term cash flow pressure, but it could objectively alleviate potential selling pressure in the secondary market; conversely, if most choose to retain allocation, it indicates a relatively concentrated consensus.

Current secondary market performance provides a dynamic anchor for participants' decisions. According to real-time data from CoinMarketCap and CoinGecko, the secondary price of CHIP fluctuates between $0.058 and $0.067, maintaining a circulating market value of between $117 million and $133 million. While the current market price can serve as a reference point for the breakeven point, it cannot replace an independent judgment of future risk and reward. From the perspective of the airdrop radar, as the historical task entry closes, chip allocation has become a done deal, and users must, by the hard deadline of March 22, complete the transition from "task participants" to "asset managers" based on mid-term refund data and their risk tolerance.

$36.8 Million Financing and On-chain Scale: How Much Confidence Can It Provide?

Public financing and on-chain scale provide USD.AI with a certain level of fundamental endorsement, but this does not equate to an absolute commitment to price performance or airdrop returns. According to background information recorded by the airdrop radar, USD.AI has publicly disclosed a financing volume of approximately $36.8 million, indicating a certain capital thickness and resource support compared to similar agreements. For users wavering between "holding" and "refunding," this scale of funding serves as an important reference to measure the project's lifespan and subsequent development potential, rather than a single indicator directly predicting future price movements. The airdrop radar views such financing information as the macro background of the project’s fundamentals, reminding users to consider it as a reference for risk hedging during decision-making, rather than blindly optimistic grounds.

From the actual operating data of the protocol, the adoption by institutions and users has achieved some scale. Based on data from usd.ai's official sources and on-chain real-time metrics, the protocol's current TVL (Total Value Locked) stabilizes around $357 million, with approximately 74,372 users and more than $100 million in loan volume generated. A cumulative on-chain transaction volume of up to $12 billion and the involvement of over 40 institutional customers reflect its activity in the DeFi ecosystem. These data provide participants with another layer of observation beyond secondary market prices: if the lending and trading demands of the protocol can continue to grow, then the current approximate 7.26% APR (expected to reach 13.46%) will become the core driving force for retained token holders.

The performance of CHIP in the secondary market further reveals the market's interest in this narrative. Since its launch on April 21, 2026, CHIP once rose to the top of CoinGecko's trending list and recorded an astonishing transaction volume of about $1.3 billion in a single day. Although the initial trading heat proved the market's recognition of the USD.AI narrative, the sustainability of such explosive growth still needs to be verified through subsequent on-chain activity. Airdrop radar monitoring shows that while the project's overall heat remains stable, the closing of historical task entries has significantly shifted users' focus to fundamental data and refund dynamics. Before the March 22 refund deadline, these on-chain scale data will be a key variable in assessing the certainty of CHIP's allocation.

Airdrop Radar Perspective: Participation Window Opened, But Observation Still Valuable

From the real-time status monitoring of airdrop radar, USD.AI has officially completed the transition from “task game” to “allocation redemption.” Currently, the project’s status in airdrop radar has been updated to "claimable," signaling the complete cessation of the Allo Point farm scoring activities that began in August 2025, and the historical task entry is now closed. For users, the current interaction logic has fundamentally changed: the focus is no longer on accumulating weight through actions, but rather on making a final decision between “retaining tokens” and “executing refunds” in light of the established allocation limit. This shift in state directly impacts users' expectations of asset liquidity, especially as the Allocation Check and Refund Flow began on March 17, 2026, the operational window for participants has entered a countdown phase.

According to the popularity tracking of AiCoin data, USD.AI's recent attention curve has not experienced extreme pulsations with the opening of the redemption window, and overall performance remains relatively stable. This state of popularity typically indicates that market sentiment is within a rational range and not governed by blind FOMO or panic selling, providing users with a calmer weighing space. From the perspective of airdrop radar, although core tasks are no longer traceable, the project still possesses high observational value. Particularly, the mid-term results regarding refunds to be announced on March 20 and 22 will be key data evidence for judging the concentration of chip distribution and market confidence.

Currently, the executable actions on the airdrop radar page are focused on choosing between allocation confirmation and refund paths. For participants who previously chose either the ICO route or the airdrop route, checking their CHIP allocation quantity and upgrade eligibility by connecting their wallets is the primary task. It should be noted that the deadline for refund applications is set for March 22, and this action is irreversible—once a refund is applied for, the right to allocate CHIP tokens will be permanently lost. This game mechanism makes the refund participation rate, the intensity of subsequent ecological incentives, and the extent of chip cleansing before the project’s listing in the secondary market core variables that users must continuously track during the "decision-making" phase.

Three Key Variables to Monitor Next

In the short term, the actual circulation scale of chips and the market's focus on gaming will directly depend on the refund ratio. According to the project announcement, the refund application window will close on March 22, 2026, with the team scheduled to disclose mid-term statistical data on March 20 and 22. These two disclosures are the core windows for observing the market's real participation and risk preference: if the refund ratio exceeds expectations, it implies that initial selling pressure in the secondary market will be significantly relieved; conversely, if the retention ratio is high, it will be key to pay attention to the emotional fluctuations of residual holders after the refund funds flow back to CoinList on March 23. In the mid-term dimension, the project's fundamental support is the key to verifying the reasonableness of the $300 million FDV valuation. According to disclosures from airdrop radar and related channels, the USD.AI protocol’s TVL is currently approximately $357 million, with around 74,372 users, and over $100 million in loans and $12 billion in transaction volume generated. Investors need to reassess the sustainability of these quantifiable benchmarks post-CHIP launch, observing whether funds can remain long-term within the protocol rather than flow away with the airdrop redemption.

In the medium to long term, the ecosystem's secondary incentives and the continuity of task paths will determine the additional profit boundaries for holders. With the historical Allo task entry closed, the project has now entered the "claimable" phase in the airdrop radar. It will be crucial to monitor whether USD.AI will launch a new round of ecological tasks or incentive programs on top of CHIP. For holders who choose not to refund, apart from focusing on the price fluctuations of CHIP in the secondary market around $0.058 to $0.067, it is also essential to remain vigilant about the concentrated behavior trend of airdrop participants. The airdrop radar will continue to track the state transitions of project cards, analyzing how changes in chip structure feedback into price performance, providing users with decision support as they transition from "task participation" to "asset management."

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