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.

What is Chip (CHIP) used for?

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.

Who created Chip (CHIP)?

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.

Chip (CHIP) Markets

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	CHIP-USDT CHIPUSDT	binance	AA	0.04287USDT	-7.29%	28,878,137.00CHIP	19,502	0.04624USDT	0.04692USDT
2	CHIP-USDT CHIPUSDT	bybit	A	0.04288USDT	-7.25%	14,351,730.20CHIP	9,203	0.04623USDT	0.04693USDT
3	CHIP-USDT CHIP_USDT	whitebit	BB	0.04283USDT	-7.47%	9,908,410.00CHIP	4,307	0.04629USDT	0.04693USDT
4	CHIP-TRY CHIPTRY	binance	AA	2.12TRY	-6.95%	9,383,446.00CHIP	2,987	2.28TRY	2.32TRY
5	CHIP-USDT CHIP-USDT	okex	A	0.04288USDT	-7.25%	7,121,634.62CHIP	4,203	0.04623USDT	0.04695USDT
6	CHIP-USD CHIP-USD	coinbase	AA	0.04287USD	-7.11%	6,488,372.00CHIP	2,315	0.04615USD	0.04661USD
7	CHIP-USDT CHIP-USDT	kucoin	BB	0.04270USDT	-7.45%	4,503,373.00CHIP	1,496	0.04614USDT	0.04685USDT
8	CHIP-USD chipusd	bitstamp	AA	0.04284USD	-7.15%	4,130,621.20CHIP	424	0.04614USD	0.04654USD
9	CHIP-USD CHIPUSD	kraken	AA	0.04266USD	-7.36%	2,104,802.08CHIP	1,175	0.04605USD	0.04680USD
10	CHIP-USDC CHIPUSDC	binance	AA	0.04275USDC	-7.37%	1,624,317.00CHIP	1,047	0.04615USDC	0.04672USDC
11	CHIP-USDT CHIP_USDT	gateio	A	0.04289USDT	-7.10%	1,300,144.00CHIP	475	0.04617USDT	0.04696USDT
12	CHIP-TRY CHIP-TRY	okex	A	2.12TRY	-7.29%	220,197.51CHIP	292	2.29TRY	2.31TRY
13	CHIP-U CHIPU	binance	AA	0.04287U	-8.44%	137,511.00CHIP	37	0.04682U	0.04682U
14	CHIP-USDC CHIP-USDC	okex	A	0.04260USDC	-8.27%	89,544.60CHIP	104	0.04644USDC	0.04665USDC
15	CHIP-EUR CHIPEUR	kraken	AA	0.03781EUR	-6.55%	24,569.63CHIP	12	0.04046EUR	0.04084EUR
16	CHIP-USD1 CHIPUSD1	binance	AA	0.04320USD1	-6.59%	16,022.00CHIP	9	0.04625USD1	0.04673USD1
17	CHIP-EUR chipeur	bitstamp	AA	0.04104EUR	0.84%	5,185.90CHIP	1	0.04069EUR	0.04104EUR
18	CHIP-EUR CHIP-EUR	okex	A	0.03812EUR	-7.45%	4,408.47CHIP	60	0.04120EUR	0.04153EUR
19	CHIP-KRW KRW-CHIP	upbit	B	57.90KRW	-7.06%	31,980,824.30CHIP	3,363	62.30KRW	63.10KRW
20	CHIP-THB THB_CHIP	bitkub	C	1.44THB	-6.01%	14,568,387.00CHIP	9,201	1.54THB	1.58THB
21	CHIP-USDT CHIP_USDT	p2pb2b	D	0.04279USDT	-7.46%	13,389,285.00CHIP	9,901	0.04624USDT	0.04692USDT
22	CHIP-KRW CHIP_KRW	bithumbkorea	-	57.51KRW	-7.81%	11,671,623.09CHIP	2,318	62.38KRW	63.22KRW
23	CHIP-USDT CHIPUSDT	toobit	C	0.04287USDT	-7.29%	5,108,660.00CHIP	10,927	0.04624USDT	0.04691USDT
24	CHIP-USDT CHIPUSDT	bitrue	D	0.04292USDT	-7.18%	2,909,907.60CHIP	5,397	0.04624USDT	0.04684USDT
25	CHIP-USDT chip_usdt	xtpub	-	0.04281USDT	-7.40%	2,887,295.00CHIP	3,200	0.04623USDT	0.04692USDT
26	CHIP-USDT sCHIPUSDT	phemex	C	0.04296USDT	-6.93%	2,691,698.00CHIP	6,309	0.04616USDT	0.04694USDT
27	CHIP-USDT CHIP_USDT	bitunix	C	0.04288USDT	-7.27%	2,336,149.00CHIP	8,143	0.04624USDT	0.04693USDT
28	CHIP-USDT CHIP-USDT	bingx	D	0.04285USDT	-7.37%	2,012,299.62CHIP	11,082	0.04626USDT	0.04667USDT
29	CHIP-USDT chip_usdt	digifinex	D	0.04287USDT	-7.27%	1,901,422.50CHIP	4,651	0.04623USDT	0.04689USDT
30	CHIP-USDT CHIPUSDT	mexc	C	0.04290USDT	-7.26%	1,761,949.12CHIP	3,023	0.04626USDT	0.04683USDT
31	CHIP-USDC CHIP_USDC	p2pb2b	D	0.04275USDC	-7.37%	1,389,702.00CHIP	925	0.04615USDC	0.04668USDC
32	CHIP-USDT CHIP_USDT	bydfi	-	0.04279USDT	-7.50%	1,190,586.08CHIP	2,929	0.04626USDT	0.04683USDT
33	CHIP-USDC CHIPUSDC	mexc	C	0.04282USDC	-7.28%	1,185,038.82CHIP	2,936	0.04618USDC	0.04678USDC
34	CHIP-EUR CHIP-EUR	bitvavo	B	0.03788EUR	-7.48%	1,075,245.08CHIP	251	0.04094EUR	0.04144EUR
35	CHIP-USDT CHIP-USDT	bigone	-	0.04303USDT	-6.82%	310,574.00CHIP	4,771	0.04618USDT	0.04638USDT
36	CHIP-USD CHIPUSD	edxmarkets	C	0.04334USD	-6.10%	248,141.05CHIP	95	0.04615USD	0.04652USD
37	CHIP-USDT chipusdt	huobipro	C	0.04274USDT	-8.49%	48,243.86CHIP	73	0.04670USDT	0.04680USDT
38	CHIP-USDT CHIPUSDT	hitbtc	E	0.05013USDT	0.00%	0CHIP	0	0.05013USDT	0.05013USDT
39	CHIP-USDT CHIPUSDT	coinex	C	0.04407USDT	0.00%	0CHIP	0	0.04407USDT	0.04407USDT
40	CHIP-USDT USDT-CHIP	upbit	B	0.04691USDT	0.00%	0CHIP	0	0.04691USDT	0.04691USDT
41	CHIP-BTC BTC-CHIP	upbit	B	0.0₆5700BTC	0.00%	0CHIP	0	0.0₆5700BTC	0.0₆5700BTC