GPU Loans on Chain: DeFi’s New Role Is Funding Servers, Not Yield Farms
USD.AI’s $98.1M facility and $398M TVL signal DeFi credit moving to GPU-backed loans as AI demand surges. Risks, structures, and how to approach them.
➤ DeFi is shifting focus from yield farming to funding real-world assets like GPU servers for AI workloads, with lenders providing stablecoins and borrowers repaying from compute revenue. ➤ USD.AI is a key player, announcing a $98.1M facility for GPU deployment and reporting significant TVL and revenue, indicating substantial on-chain capital flow into this sector. ➤ Key risks include hardware obsolescence, utilization drops, and legal enforcement, requiring thorough diligence on collateral, operators, and financial structures before participation.
