USD.AI
chipWhat is USD.AI?
CHIP is USD.AI's governance token. USD.AI currently presents a two-sided credit market: AI infrastructure operators seek non-dilutive, non-recourse financing secured by GPU infrastructure and related cashflows, while depositors use USDai and yield-bearing sUSDai instruments for on-chain exposure to the credit market. CHIP is separate from both USDai and sUSDai.
What problem does USD.AI solve?
USD.AI targets a financing gap created by capital-intensive AI infrastructure and rapidly depreciating GPU hardware. Its documented approach is to standardize GPU collateral, borrower eligibility and loan pricing so compute operators can raise capital without selling equity, while capital providers receive transparent on-chain exposure. These are protocol and issuer descriptions, not a guarantee that any loan or yield will perform.
How does USD.AI work?
CHIP governance sets or approves collateral standards, loan-to-value and interest-rate parameters, borrower criteria, fees, oracle/data-provider choices, integrations and protocol upgrades. Optional staking converts CHIP into sCHIP and is described as a governance-defined backstop that may absorb losses in a shortfall; staking is not automatic merely from holding the token. The Ethereum token is an 18-decimal verified proxy with an OToken implementation whose ABI exposes role-gated mint, burn and bridge-admin functions, so users must treat privileged controls and proxy upgrades as material risks. The MiCA whitepaper states a 10 billion token total and no supply-adjustment protocol, while allocations remain subject to vesting and lockups.
Key facts
- The canonical asset is CHIP, USD.AI's governance token, not the protocol's USDai synthetic dollar or sUSDai yield-bearing instrument.
- The Ethereum token contract is 0x0C1c1C109FE34733fCA54b82d7B46B75CFb71F6e, uses 18 decimals, and is presented by Etherscan as a verified TransparentUpgradeableProxy.
- The MiCA whitepaper lists 10,000,000,000 CHIP as the total number offered or traded and states that no supply-adjustment protocol exists.
- The whitepaper describes approximately 7% ICO and 3% airdrop allocations unlocked at TGE; team and investor allocations have a one-year cliff followed by three-year linear vesting, while other allocation terms include lockups and are described as approximate.
- CHIP governance covers collateral eligibility, loan pricing, borrower criteria, fees, oracle/data-provider approvals, integrations and smart-contract upgrades.
- The protocol's documentation says CHIP staking is optional, produces sCHIP, and can serve as a first-loss/backstop module under governance-defined shortfall conditions; exploratory staking changes are explicitly not definitive.
- The MiCA whitepaper says CHIP does not grant equity, dividends, profit participation, payments by virtue of holding, or ownership/economic rights in GPU collateral.
- The verified implementation ABI includes BRIDGE_ADMIN_ROLE, DEFAULT_ADMIN_ROLE, mint, burn, grantRole and revokeRole; the ABI proves a privileged control surface but not current role assignment or operational use.
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Frequently asked questions
Is CHIP the same token as USDai?
No. CHIP is USD.AI's governance token. USDai is the protocol's dollar instrument and sUSDai is its yield-bearing counterpart; the official documentation treats them as separate instruments.
What rights does holding CHIP provide?
The protocol describes voting on collateral standards, loan and risk parameters, fees, integrations and upgrades. The MiCA whitepaper says holding CHIP does not confer equity, dividends, profit rights, payments, or ownership of the GPU-related collateral.
Does simply holding CHIP provide insurance or loss protection?
No. The whitepaper says holding CHIP does not itself involve staking or loss protection. Users must separately stake into the designated module, where governance-defined rules may expose staked CHIP to first-loss or shortfall backstop risk.
What is CHIP's total supply and vesting?
The MiCA whitepaper lists 10,000,000,000 tokens. It describes ICO and airdrop portions as unlocked at the token-generation event, while team and investor allocations are subject to a one-year cliff and three-year linear unlock; several other allocation figures are approximate and may change.
Can the CHIP contract mint or be upgraded?
The verified implementation ABI exposes mint and burn functions plus BRIDGE_ADMIN_ROLE and DEFAULT_ADMIN_ROLE. Etherscan identifies the deployed token as a TransparentUpgradeableProxy, so privileged role assignment and proxy administration are important controls to monitor; the ABI does not by itself prove who currently holds those roles.
Does CHIP represent ownership of financed GPUs or other real-world assets?
No. The whitepaper explicitly separates GPU collateral representations from CHIP and says CHIP grants no ownership, economic or other rights in the underlying real-world assets.
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