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《Gaib: Missed Nvidia Stock? This Time You Can Directly Buy Its "On-Chain GPU Stock"》 Summary in one sentence: Extremely bullish on GAIB, it could be the future "computing power Taobao" on the chain. (Not an ad) __________________ 1. Explain what Gaib does in one sentence GAIB (GPU-AI-Blockchain Infrastructure), as expressed in the project's official white paper, is the world's first economic protocol focused on transforming GPU computing power assets into tradable financial instruments, unlocking the trillion-dollar AI computing market value through blockchain. Its core innovation lies in constructing the "AI Synthetic Dollar AID," a yield-bearing stablecoin backed by cash flows from physical GPU assets, and building a complete DeFi ecosystem around AID, connecting off-chain computing power resources with on-chain liquidity. In simple terms, its business model is: users mint AID with USDC, then invest in GPUs, AI companies use these GPUs to generate cash flow, GAIB distributes dividends periodically, and users holding sAID can enjoy these earnings and participate in other DeFi profit-making activities. _________________ 2. Why is this feasible? Can it make money? In the AI era, GPUs are undoubtedly the most core "hard currency." According to incomplete statistics, by 2025, global tech giants will invest over $300 billion in GPU computing power. Taking Nvidia's H100/GB200 as an example, a single chip costs nearly $30,000 to $50,000, and building a data center with AI training capabilities requires investments of billions or even tens of billions of dollars. This has led to the following issues and Gaib's solutions. 1. Demand side: AI explosion combined with "supply-demand asymmetry" Currently, the large model training market is almost monopolized by a few tech giants, with GPU resources concentrated in the hands of mega institutions like OpenAI, Google, and Meta. However, after the second half of 2024, we see a trend of AI applications flourishing, especially in inference and AI Agent vertical scenarios. These innovative projects do not need to build data centers worth hundreds of billions, but they still require a large amount of high-performance GPU resources. The problem is: traditional data centers or cloud service providers cannot flexibly respond to these small and medium demands, leading to a severe structural mismatch in the computing power market—resources are concentrated while demand is dispersed, supply and demand are extremely asymmetric, and demand far exceeds supply. 2. Financial side: Traditional financing paths do not support "computing power assets" Theoretically, these high-value GPU clusters can be used as financing assets. However, in reality, GPUs are not considered "collateralizable standard assets" by traditional banks, nor can they be easily divided or standardized, making it almost impossible for the traditional financial system to cover computing power financing needs. Currently, there are some computing power leasing platforms in the traditional market trying to solve this pain point, but they generally have two major issues: First, they cannot split ownership, resulting in poor financing liquidity; Second, there is no standardization mechanism, the income structure is not transparent, and the participation threshold is high. 3. Gaib's solution: On-chain "computing power financial market + computing power stablecoin" Gaib's innovation lies in not just doing computing power leasing, but creating an efficient and liquid computing power financial market on the chain. 1) Tokenizing the future earnings of enterprise-grade GPUs to enable split trading; 2) Constructing a yield-bearing stablecoin AID backed by real GPU asset cash flows, which can be used for staking, lending, and combined yield strategies; 3) Utilizing the DeFi ecosystem to enable efficient financing and free circulation of these assets globally. The core value of this mechanism has three points: 1) For GPU providers, it offers an unprecedented financing channel for GPU holders; 2) For participating users, it provides DeFi users with a safe, real, and visible new type of asset; 3) For developers, it opens a fair participation channel in the underlying infrastructure for small and medium developers. In other words, Gaib turns "computing power" into a combinable and configurable financial asset, truly realizing the capitalization of computing power. If we say Nvidia is the king of "selling shovels" in the AI era, then what Gaib wants to do is to build a "shovel bank/shovel exchange" on Nvidia's shovel empire, turning physical shovels into tradable "computing power stocks." __________________ 3. How does Gaib specifically help you make money? Breakdown of the gameplay 1. Off-chain asset side: GPU financing asset packages under three models GAIB collaborates with top global cloud/data centers to construct three types of protocol trading structures around GPU deployment: All the above transactions are over-collateralized by physical GPUs, with bankruptcy isolation structures set up, allowing for liquidation or continued custody and operation by strategic partners in case of default. 2. On-chain architecture: AID stablecoin system GAIB tokenizes GPU financing transactions and issues AID (AI Dollar), a stablecoin backed by off-chain revenue assets: 1) AID: Not an ordinary stablecoin, it not only benchmarks the dollar value but also represents real GPU revenue rights; 2) sAID: A yield-bearing certificate obtained by users staking AID, which can automatically accumulate earnings; 3) Underlying revenue comes from: cash flow of GPU transaction packages + treasury reserves, forming a support system; 4) Mechanism design: AID minting and burning mechanism to ensure its anchoring to real asset value; 5) Exit mechanism: Whitelisted users can redeem 1:1, ordinary users can exchange for stablecoins through AMM pools. Additionally, sAID can also participate in lending, liquidity mining, yield derivatives, and various DeFi gameplay (already integrated with mainstream dex - Curve, AEVO, Uniswap; Pendle, etc.), effectively connecting GPU underlying assets to on-chain DeFi. Purely from a revenue perspective, underlying revenue + DeFi revenue + points revenue, even in the most basic debt model, the highest yield may exceed 40%. __________________ 4. Analysis of participation opportunities? Where are the risks? How does the project mitigate them? In early 2025, the project conducted a pilot with the decentralized GPU platform Aethir, completing a $100,000 tokenized financing pilot in 10 minutes, proving strong market demand; the funds raised were used to support physical GPU clusters, and investors have already started receiving returns. This marks that GAIB's "GPU asset tokenization" model has been validated and has the foundation for replication and scaling. From the project perspective, traditional RWA products mostly enter through treasury tokenization, with annual yields generally around 4%-5%; GAIB's underlying basic yield is as high as 10% or more, with financing terms covering 3 months to 3 years, but realistically, due to strong GPU demand, financing terms are generally shorter, with faster turnover. From a risk perspective, the main risks are the credit risk of underlying assets and the liquidity risk of AID. The most critical is the credit risk of underlying assets. GAIB and other cooperating underwriters on its platform will adhere to comprehensive credit analysis requirements and cooperate with third-party audit institutions when necessary. Each loan is over-collateralized by physical GPUs and their related service contracts. Additionally, these GPU data will be displayed in real-time on a decentralized network. In case of default, underwriters have the right to liquidate GPUs to protect investors or continue to manage and operate GPUs through strategic data center partners to ensure continuous revenue generation. At least from a mechanism perspective, it tries to avoid risks at the most fundamental asset level. In terms of specific participation, if you are a whitelisted user (KYC verified), you can directly mint AID with USDC to participate in the project and stack DeFi earnings. If you are not whitelisted, you can directly exchange AID through liquidity pools. You can also join the project's AID waiting list, which is currently queuing, and for LPs, the project will have Points/Token incentives and will jointly incentivize with Dex. __________________ 5. Summary and outlook: The value is far more than a yield-bearing stablecoin GAIB is not just a "yield-bearing stablecoin" project; it is reconstructing the capital market infrastructure of the AI era in a DeFi way. At the end of last year, GAIB completed a $5 million Pre-Seed financing led by Hack VC, with participation from well-known institutions such as Animoca, Aethir, and the Near Foundation. Judging from the lineup of investors, it is not difficult to see that GAIB is at the forefront of the trend. Especially Hack VC, as an institution that has invested in multiple top projects, its endorsement itself is a market trend indicator. It is worth mentioning that from the team lineup, the project's Co-Founder Alex Yeh is also the founder of Realtek (one of the world's top seven chip companies, a listed company), and its cloud company GMI Cloud is a partner of Nvidia. The founder's resources and understanding of the industry are important prerequisites to ensure the project's healthy operation and success. What GAIB is promoting is not a "high-yield product" or a "stablecoin protocol," but a new paradigm: It connects AI infrastructure and global capital pools, using GPU cash flow as an anchor asset, turning "dead assets" in data centers into tradable, combinable, and liquid financial assets. Through AID, a new type of "yield-bearing dollar," anyone can participate in the AI computing power market—without understanding AI, buying chips, or deploying nodes, just "collecting rent" on the chain every day. It is providing a permissionless, global, and transparent financing channel for AI infrastructure, allowing investors and computing power providers to connect directly, no longer relying on intermediaries or centralized resource allocation. In the future, if AID can truly become the "currency" of the AI era—like the dollar in the industrial era, undertaking functions of circulation, settlement, and pricing, it will leverage not just a DeFi sub-track, but the financial hub of the AI economy. We can even put it this way: GAIB is like the "computing power Taobao" on the chain—AI companies "open stores" (mortgage graphics cards for financing), investors "shop" (buy computing power cash flow assets), and the platform is responsible for matching and transaction clearing. The imagination space of this model will far exceed the story of a "yield stablecoin," but will move towards the foundational role of a new paradigm in AI finance.