Binance HODLer Airdrop 63rd Project - http://USD.AI CHIP research: How far can the AI computing power financing track go. http://USD.AI CHIP's performance after launching Binance Holder airdrops is still good, after all, the current Binance Holder airdrops are stable at once a month, which is still carefully selected, After a strong launch, it went down a wave, and looking back, it may be undergoing a value return. after all http://USD.AI The most interesting thing is that it is not just an ordinary AI coin. It transforms GPU, a heavy asset in the real world, into an on chain credit asset that can be mortgaged, financed, and priced. If Ethena captures funding rates; that http://USD.AI What we want to capture is the credit income in AI infrastructure. one ️⃣ Why is this direction worth looking at? The AI industry has now entered a very heavy capital expenditure cycle: GPUs, cabinets, power, data centers, all of which are very expensive. But GPUs are also an awkward asset: they can generate cash flow, but depreciate quickly; There is a real demand, but the technological iteration is also fast; Important for AI companies, but difficult to price for traditional banks. So there is a mismatch here: AI infrastructure requires a lot of financing, while on chain stablecoin funds are looking for real returns. http://USD.AI It is just at this intersection: if AI infrastructure loans are packaged as income assets that DeFi can participate in, if this direction is established, the real income sources of DeFi in the future may not only be treasury bond, capital rate, and on chain lending. There will also be a new type of thing emerging: AI infrastructure credit, which refers to AI infrastructure credit income. two ️⃣ http://USD.AI The structure is divided into three layers: USDai: Liquidity layer: can be understood as the underlying US dollar asset in the agreement, mainly responsible for settlement and liquidity. SUSDai: Revenue Layer: The true recipient of revenue is sUSDai, which comes from GPU mortgage loans, AI infrastructure financing, and some underlying asset returns. CHIP: Governance layer: CHIP is not a direct dividend token. The long-term value of CHIP lies in: http://USD.AI Can a sufficiently large AI credit market really be formed in the future. three ️⃣ Price trend judgment From the price trend, CHIP has emerged with a typical new coin structure of Binance's launch: low opening → rapid rise → high falling → low sideways → short-term rebound. The rapid rise of early prices from low levels indicates that the market has a clear pricing for the narrative of "AI infrastructure financing+Binance launch". But then the price continued to fall from a high level, indicating that early airdrops, short-term funds, and new currency profit taking had completed a concentrated release. At present, CHIP has not returned to its initial high point of listing and is still in the recovery stage after a deep pullback, which cannot be defined as a complete reversal. More precisely, it is not currently a strong upward trend, but rather: After the downward trend slows down, it enters the stage of low-level turnover and rebound verification. If the subsequent prices can maintain a higher range of sideways trading after rebounding, it indicates that chip acceptance is beginning to strengthen; If the market rebounds and returns to the previous low, it indicates that the short-term pricing of this narrative is still cautious. The trend behind it is essentially not determined solely by the concept of 'AI', but by whether the market believes in it http://USD.AI Continuously turning GPU financing into a real credit market decision. It's a good direction, but everyone should study on their own and be aware of the risks!