DeFi Integrations
GAIB aims to integrate AID & sAID deeply into the DeFi ecosystem, maximizing its utility and optimizing yields for users across a spectrum of risk appetites.
During AID Alpha: The Spice Harvest and Final Spice, GAIB integrated AID(alpha) with Curve, Pendle and Morpho, enabling users to trade AID(alpha), and tailor yield exposure through Pendle’s Principal Token (PT) and Yield Token (YT) framework. Meanwhile, PT-AIDaUSDT and PT-AIDaUSDC were onboarded as collateral assets on Morpho, allowing users to borrow USDC, recycle capital into PT-AIDaUSDT/ PT-AIDaUSDC positions, and capture incremental returns from interest rate differentials.
Curve
Curve protocol is a decentralized exchange (DEX) built specifically for stablecoins and similarly priced assets (like wrapped tokens or liquid staking derivatives). It was launched in 2020 and is one of the core pieces of DeFi infrastructure.
GAIB launched liquidity pools for AIDaUSDC to facilitate secondary market trading. Users can freely buy and sell AIDaUSDC within the pools, while liquidity providers (LPs) can supply liquidity and earn Spice (GAIB points) with a 20× multiplier.
Pendle
Pendle is a leading yield-trading protocol that enables users to implement diverse yield-management strategies—either to hedge against yield fluctuations or to speculate on yield opportunities—based on their individual risk tolerance.
AID(alpha) on Pendle: Trade Fixed and Variable Yields
PT (Principal Token): Represents the right to purchase underlying AID (alpha) at a discount, similar to a zero-coupon bond. PT holders forgo all variable rewards (e.g., Spice points) in exchange for fixed returns in AID (alpha) token at maturity.
YT (Yield Token): Represents rights to the yield only— 20x Spice points—without claim to principal value at maturity.
The implied yield on Pendle is determined by market activity in PT and YT trading, positioning Pendle as a DEX for yield, not just a yield farming protocol. PT buyers receive fixed returns funded by YT buyers, who in turn speculate on yield value.
LP Opportunities
Providing liquidity in Pendle pools (PT + Standardized Yield tokens) facilitates trading between PT and YT while earning swap fees, fixed PT yields, Pendle incentive emissions, and 20x Spice rewards on the SY portion.
Find the AID (alpha) Pools
Morpho
Morpho, the second largest lending and borrowing protocol in the blockchain space with $6.5b in deposits, has integrated GAIB’s PT-AIDaUSDT Alpha token as a collateral asset to borrow capital in its Ethereum lending market.
This enables GAIB depositors who have activated Pendle’s PT-YT yield mechanism to their AIDaUSDT receipt tokens to borrow USDC against them. This is an opportunity to make their deposits liquid to be used in the rest of the DeFi ecosystem and, if they see fit, obtain an extra layer of yield by engaging in looping mechanisms.
The capital recycling loop can be executed as follows:
Acquire PT-AIDaUSDT on Pendle.
Supply the PT asset as collateral in the PT-AIDaUSDT/ USDC market on Morpho.
Borrow USDC against the collateral.
Convert the borrowed USDC into additional PT-AIDaUSDT to compound yield exposure.
Find the lending/borrowing pool
More details about AID and sAID DeFi integrations post launch will be added soon.
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