MAITRIX: Launching the test network, releasing the first revenue-based AI stablecoin | Super early project attention

MAITRIX: The first AI stablecoin protocol test network is online, exploring a new chapter in decentralized AI finance

On February 17, the MAITRIX protocol test network was officially launched and the first AI stablecoin, Aethir USD (AUSD). AUSD is 1:1 anchored with USD, and users can use the token ATH of the decentralized GPU project Aethir to mint. At present, the test network has opened the AUSD casting and pledge functions, attracting more than 130,000 people to register within one week of its launch, with a total locked position value of about US$1.28 million.

According to RootData data, MAITRIX has the support of well-known investment institutions such as Dragonfly, Sfermion, DCG, IVC and Shima Capital, and ranks among the top in the recent popularity list.

Why does AI need stablecoins? MAITRIX's solution

MAITRIX pointed out that AI projects face challenges such as severe token price fluctuations, limited payment options, and fragmentation of ecosystems. Traditional stablecoins (such as USDT/USDC) also pose third-party risks. To this end, MAITRIX proposed an AI stablecoin solution, which has three major advantages:

1. Fight against price fluctuations: Protect users from the impact of price fluctuations of native tokens and ensure the financial stability of project operations.
2. Enhance financial stability: Avoid the price fluctuations in project token prices that cause the fund bank to shrink when the market is down.
3. Stable token price: Projects can use AI stablecoins instead of selling native tokens to release the value of the fund bank, maintain the price of tokens, and enhance community confidence.

MAITRIX core functions

MAITRIX aims to become a DeFi infrastructure in the field of decentralized AI, with two core functions:

• Stablecoin Launch Platform: Any AI project can use MAITRIX to create stablecoins powered by its native tokens.
• Stablecoin Center: Users can mint and pledge supported AI stablecoins on the platform and earn profits through specific token pairs.

AUSD incentive mechanism and test network participation guide

AUSD users can obtain up to 20% annualized income (daily distribution) through pledge, but they must comply with a 14-day unlocking period and pay a 0.5% unemployment fee.

The test network adopts the "Pills" incentive system. Users can obtain pill points by pledging AUSD, providing liquidity or participating in platform activities, and can be redeemed for MAITRIX governance tokens in the future. Early pledged users will also receive temporary revenue multiplier.

For details on the test network tutorial, please refer to: https://www.php.cn/link/7c8ba697dbc0c69dbdbf8a1a544e788f

MAITRIX AI USDs stability mechanism

MAITRIX's AI USDs adopt an algorithmic stability mechanism, and adopt different strategies according to the project risk level:

• Minning and Destruction Balance: AI tokens for venture capital support are anchored by maintaining a reserve ratio greater than 1.
• Correspondent Debt Position (CDP): Use AI native tokens as collateral to mint stablecoins to achieve over-collateralization.

Potential application scenarios of AI stablecoins

MAITRIX plans to ensure that its AI USDs can be used in mainstream DeFi protocols, and application scenarios include: liquidity mining, lending, DAO fund bank reserves, etc. In the future, AI USDs can also serve as a medium of transactions within the AI ​​project ecosystem, such as AI proxy transactions, computing payments, and subscription-based AI model payments.

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