Aethir, a decentralized GPU -Cloud network, along with credible funding, a loan protocol, to introduce what they say is the first credit card and loan product driven by a decentralized physical infrastructure network (Depin).
The move is designed to give Aethir’s native ATH-token holders and node operators access to stableco-credit without liquidating their symbols-a step towards mixing infrastructure on chain with real world economic capital.
The product, which debuted on Wednesday, lets eligible users security quoted their ATH-tokens to access a rotating credit line or pre-enter a non-feud with ATH or Stablecoins at Solana. The loan’s approvals and limits are determined by the AI -driven credit engine of the Thirti -driven credit engine, which evaluates a user’s activity, asset holdings and transaction history.
Depin projects are utilizing blockchain incentives to create the development of the real world infrastructure. In Aethir’s case, node operators contribute computer power and serve ATH in return. These rewards are based on factors such as uptime, performance and job ending, which effectively transforms physical infrastructure into income on the chain.
The launch of the credit card comes as crypto -lock pictures. According to the team, decentralized lending platforms saw a decrease of $ 4.75 billion in open loans in the first quarter, the largest quarterly contraction since 2023. At the same time, the global credit gap for small and medium -sized companies is in new markets of $ 5.7 Billion.
“This downturn emphasizes the limitations of overcollateralized lending models and highlights the need for credit systems that reflect real activity and ownership of infrastructure,” the team wrote a release that was shared with Coindesk.
“This is the first depin-native token to be activated for real-time credit,” said Shrikant Bhalerao, CEO of credible funding, in release. “We transform tokenized infrastructure into usable financial capital.”
The team wrote that access to credit cards will initially be available to their GPU providers, node operators and token holders, with plans to expand later
Read more: Aethir’s Mark Rydon: Decentralization of AI -Computing
