Compute IQ

USD.AI's 100-point score for each GPU deal

Separate legal box (SPV)

The GPUs sit in their own company; the lender has first claim on them

1.25x cash cover (DSCR)

The borrower's cash is about 1.25 times the loan payments, checked every quarter

Up to 80% of GPU value

The most a loan can be, as a share of the GPUs' value (LTV). Today's loans average 70.6%

$20M to $150M

Size of a GLX institutional deal

3 to 5 years

Paid down in equal monthly steps

10% to 15%

Target yearly return for institutional lenders

GLX headline deals (usd.ai/glx)

USD.AI's feed lists 27 entries; the tranches it groups into one loan are added up into one row, which gives 22 loans. 28 loans have been made in all (16 still active); finished ones drop out of the feed, so "Closed / repaid" lists only those it still shows. Borrower links open the loan's wallet on Arbiscan.

Outstanding balance for live loans, the full amount for escrow and pipeline. GLX placements that are not in the pool's deal feed (usd.ai/glx) are shown as their own row.

On 21 Apr 2027 (UTC), 12 months after CHIP went live on 21 Apr 2026, 33% of the team's and investors' CHIP unlocks at once; the rest unlocks over the next 24 months.

Fees each month (DeFiLlama). The big months include the one-off fee charged when a loan is made.

Biggest fee days: 4 Jun 2026, $3.2M ($3M origination fee from Duos Edge AI's debt financing); 1 Oct 2026, $2.3M; 26 Mar 2026, $1.2M.

From our CHIP thesis memo. Revenue = 3% upfront fee on new loans + 1.1% net spread on the active book + 0.5% spread on $260M of T-bill reserves. The last two columns use CHIP's live market cap and FDV above.