I won’t go overly in-depth about USD.AI’s protocol mechanics in this rundown since Delphi broke it all down quite extensively in a recent consulting report. Instead, I’ll briefly touch on the vision for the project (essentially why USD.AI is interesting to me) and a timely opportunity I see in participating in their upcoming ICO/airdrop through the allocation game they’re currently running.

One reason this may be especially appealing to investors now is all the discussion around a “market top” being in. Judging by that, I’d guess many are positioned in stables looking for opportunities. The speed at which deposit caps have been filled in prior raises, combined with what I see as a compelling narrative around bringing productive, fungible capital markets to crypto, makes this particularly interesting. 

They’ve essentially cracked lending against GPU hardware, a thriving market that was previously impossible to feasibly collateralize.

Capital Formation vs. Liquidity: The USD.AI Approach

Many who have been in crypto for a while have become quite jaded by the industry’s lack of innovation solving issues outside of payments, speculation and trading. If you examine tradfi, money markets are considered back office departments, internal non-client-facing functions. And it makes sense: these folks are essentially just enabling clients to borrow against their Apple stock or go long their index funds. Not overly exci