USD.ai CHIP airdrop step by step tutorial

USD.ai is an onchain lending protocol for AI hardware. It funds GPU fleets and data center projects, and the people who supply the capital are paid from the interest those loans generate. Its documentation names the lending system CHIP (Compute Hardware Interest rate Protocol), and the loans are non-recourse.

Companies that run AI infrastructure are the borrowers, and returns for depositors come from what those borrowers pay, not from newly issued tokens or exchange fees.

Depositors work with two tokens. USDai is backed by PYUSD and pays no yield by itself; it is the entry point into the protocol and a unit that can move across DeFi. Staking it produces sUSDai, which earns from loan interest and from Treasury-bill incentives on reserves waiting to be lent out. CHIP is also the governance token: its holders vote on matters such as loan pricing, LTV limits and eligible equipment.

To enter the protocol, a depositor swaps a stablecoin for USDai, a token that earns nothing on its own. Staking that USDai gives sUSDai, which earns from the loan book, and the earnings appear as a shifting rate between the two tokens.

The Allo Game layers a points system on top of that. Allo points come from minting USDai and from strategies such as Pendle boosts and LP vaults, and dollars deployed generate points daily. Each wallet's points count toward one of two sides: an ICO side for USDai and an airdrop side for sUSDai. In the launch post, 70% of the prize pool goes to the ICO side and 30% to the airdrop side. Riskier strategies raise Allo and Alignment faster.

An airdrop needs Airdrop Alignment above the average across all users. The launch post said the game ends once USD.AI has paid out $20M in total yield or 6 months have passed, and that 10% of the total token supply goes to participants. Season 3, Metropolitan, adds the CHIP Hurdle Rate, a 7% minimum sUSDai yield. The project has not announced a per-wallet amount or a TGE date.