Overview

Overview

USD.AI is a yield-bearing synthetic dollar backed by loans against AI hardware, compute, and DePIN assets. Targeting 15–25% APR, it functions like a high-yield bond index tied to income-generating infrastructure equipment, paired with additional mechanisms that allow arbitrageurs to bring back USDai back to a peg.

USD.AI bridges the gap between amortizing AI hard assets and the financing needed to scale such productive infrastructure. Meanwhile, DePIN projects can achieve >300% growth using debt, driving reinvestment and scalability in their network.

The two tokens associated with USD.ai are USDai, an instantly redeemable cryptodollar backed by US Treasuries, and sUSDai, a high yield token backed by energy and compute infrastructure assets.

USDai is a low risk, treasury backed synthetic dollar that utilizes the M^0 protocol to enable T+1 redemptions from a distributed network of US Treasury holding SPVs. USDai does not pass yield through to holders, but provides users with deep secondary market liquidity across DEXes and CEXes.

sUSDai is a yield token that earns yield from a mix of US Treasuries and loans backed by income-generating infrastructure assets, like GPUs (compute), telecom infrastructure, Power Purchase Agreements (energy). sUSDai leverages the composable nature of MetaStreet's primary issuance debt pools to aggregate DePIN network asset-backed loans, without requiring users to individually underwrite and originate loans. The MetaStreet pools backing sUSDai utilize fixed duration, loan amortization schedules and day one equity cushions to lower the risk profile of the credit. sUSDai facilitates both long dated loan durations for borrowers and 30 day redemption windows for depositors through a novel dutch auction process for redemptions called Queue Extractable Value (QEV) and through flash loan rollovers enabling perpetuity of collateralized positions.

Yield Profiles in 3 Stages (Genesis to Sprawl)

Yield profiles will increase progressively as more infrastructure assets are added to the collateral mix