Recently, DeFi projects have become increasingly popular and are no longer satisfied with on chain arbitrage. Some people have directly moved GPU loans onto the chain. Binance HODLer Airdrop Issue 63- CHIP, The protocol behind it is called http://USD.AI @USDai_Official , AI companies mortgage GPU to borrow money, and you deposit stablecoins to earn interest. Simply put: AI companies need GPUs to run models → GPUs are extremely expensive → they need financing → traditional banks cannot understand how GPUs are priced → financing is stuck. http://USD.AI Just filling this gap: Transforming GPUs into credit assets that can be collateralized on the chain, AI operator pledges GPU → borrows stablecoins → repays principal and interest monthly → distributes interest to you. translate: The stablecoin you saved was eventually borrowed by an AI company to buy a GPU, The interest you earn comes from the monthly repayments of AI companies, It is a real loan interest. But http://USD.AI Core products: USDai – stable currency, full endorsement of PayPal's PYUSD (underlying US treasury bond). SUSDai - financial version, taking GPU loan interest+treasury bond yield, the current APR is about 7.5%. The data is also quite impressive: TVL has approximately $355 million and 74500 active users, Series A: 13 million, led by Framework Ventures, with participation from Dragonfly and others, Bullish has invested an additional 4 million, and Coinbase Ventures has also made follow-up investments. The legal framework is traditional financial grade: SPV bankruptcy isolation+UCC lien+Wilmington Trust custody. After finishing the agreement, let's talk about the CHIP token itself—— Because CHIP is not the kind of air governance coin that can only be used for voting and has no practical use. Firstly, CHIP holders have the pricing power over GPU credit. What GPU can be used as collateral? What is the interest rate? How to set loan conditions? All decisions will be made through CHIP voting. This is equivalent to the "benchmark interest rate setting power" in the field of AI computing power financing. In traditional finance, who controls interest rates and who holds the power of discourse—— CHIP holders are the interest rate setters of this new market. Secondly, CHIP is the last line of defense for the protocol. Like Aave's AAVE and Maker's MKR—— When there is extreme risk in the agreement (such as widespread default leading to USDai being unanchored), CHIP intervenes as the ultimate risk buffer. Thirdly, collateral is subject to entry control. At present, the protocol only accepts enterprise grade GPUs: NVIDIA B300, B200, H200, RTX Pro 6000. Will new types of GPUs be added in the future? CHIP must vote for approval. Every collateral extension is a governance event—— Successful expansion=larger loan size=more interest=CHIP's value increases accordingly. Fourthly, the token unlocking structure is very reasonable. Both the team and investors are fully locked for 12 months → Unlock 33% in the 12th month → The remaining 67% will be released linearly in equal amounts over the next 24 months. It's not like TGE just solves a big mess. CHIP is a governance token with a total supply of 10 billion and a circulation of 2 billion. This time HODLer airdropped 25 million pieces, BNB holders are eligible to participate in Simple Earn, and the system automatically allocates snapshots, For details, please refer to: https://www. ((binance.com))/zh-CN/bnb If Ethena captures the funding rate of ETH, http://USD.AI What we want to capture is the credit benefits of AI computing infrastructure. If this direction is established, DeFi will have an additional category of real revenue sources: AI infrastructure credit。 Just see if CHIP can take us a share of the AI pie. @USDai_Official @binance @binancezh Register Binance (20% reduction in transaction fees): https://accounts. ((binance.com))/en/register? ref=JN188 *** This does not constitute any investment advice, it is only a personal record and opinion, and the profit or loss is borne by oneself.