CHIP
Chip
$0.03106
0.66%
Chip
CHIP
$0.03106
0.66%
Chip Price Converter
Chip Information
Chip Markets
About Chip
Chip (CHIP) is the governance and utility token used within the USD.AI protocol. It is used to vote on protocol updates and key parameters including risk and eligibility rules for standardised loans, pricing and interest-rate parameters, fee configuration and fee routing, role-based permissions such as curator approvals and treasury decisions such as budget allocation for development and grants. CHIP can also be staked to receive a staking receipt token (often referred to as sCHIP), linking stakers to the protocol’s risk backstop design where they may be exposed to losses if the protocol needs to cover shortfalls. USD.AI was developed by Permian Labs, co-founded by David Choi, Conor Moore and Ivan Sergeev.
Chip (CHIP) is the governance and utility token used within the USD.AI protocol. It is the mechanism for coordinating protocol rules and decision-making, including how parts of the system are configured and updated over time.
CHIP is used to participate in protocol governance, including votes on updates to the protocol’s frameworks and key parameters.
Governance decisions can cover:
- Risk and eligibility rules for standardised loans (for example, what qualifies, how it is monitored and when it can be actioned).
- Pricing and interest-rate parameters that influence how credit is priced across defined categories rather than negotiated per loan.
- Fee configuration and fee routing, including how protocol fees are set and where they are directed within the system.
- Role-based permissions, such as approving or removing specific operational roles (for example, curators) and setting related constraints.
- Treasury decisions, including budget allocation for development, grants and other protocol initiatives.
CHIP can also be staked to receive a staking receipt token (often referred to as sCHIP). Staking links participants to the protocol’s risk backstop design, where stakers may be exposed to losses if the protocol needs to cover shortfalls.
USD.AI was developed by Permian Labs, co-founded by David Choi, Conor Moore and Ivan Sergeev. Governance is organised through a DAO structure, with the USD.AI Foundation acting as an entity that represents tokenholders in external matters such as legal and contractual relationships.
