In the seventh episode of Scenius Studio's mini-series "The Use-Case", I sit down with David Choi (@0xZergs), Co-Founder of @USDai_Official is an emblematic project for crypto’s promise in the real world. The protocol leverages the strengths of DeFi to solve a bottleneck and pain point in the rabid AI infrastructure build out. By facilitating GPU backed loans, unlocks capital efficiency for these companies scaling AI while providing real yield to on-chain lenders. David and the team have caught lightning in a bottle and we’re thrilled to share their story with the Scenius Studio audience. In this episode we discuss: ➔ Going through 13 pivots to figure out which assets could be most effectively lent against using blockchain rails ➔ Why small GPU owners (sub $50m in GPU assets) can’t receive loans via traditional finance means ➔ How David used Ethena (ENA) as inspiration to crack the code and deepen the debt capital markets for GPU owners ➔ The three protocol designs/mechanisms that developed for origination, underwriting, and distribution ➔ Getting $500m in lender deposits within one month of launch and the corresponding need to ramp up GPU borrowing demand ➔ The overwhelming appetite for the ICO ➔ David’s take on the quintessential question: Are we in an AI CapEx bubble? ➔ What will become if it’s successful We hope you enjoy this episode of The Use-Case by Scenius Studio. Links to listen below! Spotify: Apple: