AI Dollar (AID)
AID
What is AID?
AI Dollar (AID) is a synthetic dollar fully backed by the U.S. Treasuries and stable assets and minted 1:1 by depositing USDC, USDT and other accepted stablecoins. It’s the first product built on GAIB's economic layer, an entry point to GAIB’s tokenized portfolio of AI infrastructure, and a base currency in the broader DeFi ecosystem.
1. How to Acquire AID
Buy AID: Regular users can buy/ swap AID on our dApp interface (https://aid.gaib.ai) or leading DEXes using supported stablecoins.
Mint AID: Whitelisted users & partners can directly mint AID by depositing supported stablecoins through GAIB AID minting contracts.
2. How to Exit AID
Sell AID: Regular users can sell/ swap AID on our dApp interface (https://aid.gaib.ai) or leading DEXes into supported stablecoins.
Redeem AID: Whitelisted users & partners can directly redeem AID into depositing supported stablecoins through GAIB AID redemption contracts.
3. What Can You Do with AID
Staking: Users can stake AID to receive sAID, a liquid staking token representing shares in the AI Infrastructure portfolio. Rewards accrue via a floating exchange rate between sAID and AID, allowing stakers to benefit from the growth in the underlying assets (see the sAID page).
Lending and Borrowing: GAIB will integrate with major lending protocols to let users deposit AID into lending pools and earn additional returns as liquidity providers. Borrowing will also be possible, enabling users to lock major cryptocurrencies as collateral and borrow AID against them.
Trading: A variety of trading pairs will be introduced, pairing AID with other major currencies. By positioning AID as a base currency, GAIB aims to facilitate seamless swaps and easy management of trading positions.
Liquidity Provisioning: Liquidity provision in AMM pools will be incentivised. Liquidity providers earn fees and receive GAIB token incentives, making this an attractive way to support the ecosystem and generate income.
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