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Permian Labs

Permian Labs is an on-chain credit protocol focused on financing productive computational assets. It is the developer of USD.AI.

What is Permian Labs?

Permian Labs, founded in 2021 by David Choi, Conor Moore, and Ivan Sergeev, is a company that develops and maintains the USD.AI protocol. This protocol facilitates secured, on-chain borrowing operations collateralized by verifiable, productive assets, aiming to connect decentralized liquidity with real-world financing for GPU infrastructure supporting artificial intelligence.

How Does Permian Labs Work?

Permian Labs operates by developing the USD.AI protocol, which enables secured, on-chain borrowing operations. This protocol allows users to deposit USDC in exchange for yield-bearing tokens, providing a decentralized credit system backed by GPU hardware. The system integrates components like CALIBER for asset tokenization and legal enforceability, FiLo for decentralized underwriting, and QEV for liquidity sequencing derived from amortizing repayments.

What Makes Permian Labs Unique?

Permian Labs stands out by bridging traditional asset finance with DeFi innovation, enabling AI operators to scale efficiently while creating new opportunities for investors to access yield from real-world infrastructure. Their approach includes tokenizing GPUs into collateral, unlocking financing markets with deep liquidity, attractive cost of capital, and instant settlement for emerging AI operators.

Who Are the Founders of Permian Labs?

Permian Labs was founded by David Choi, Conor Moore, and Ivan Sergeev. They have collectively raised $38 million in funding from prominent venture capital funds such as Framework, Yzi Labs, DCG, Dragonfly, Ethereal, Nascent, Alliance, Delphi, and others.

Latest News

What Key Events Have There Been for Permian Labs?

Permian Labs has achieved significant milestones, including securing a $13 million Series A funding round led by Framework Ventures, reaching $62.7 million in Total Value Locked (TVL) in their protocol, and receiving investment from Coinbase Ventures to scale on-chain credit that finances GPU infrastructure for the global AI economy.

Project Announcements

Recent updates include a $500 million non-recourse financing facility arranged by Permian Labs and distributed through the USD.AI Protocol, allowing QumulusAI to finance up to 70% of approved GPU deployments with stablecoin liquidity from USD.AI’s blockchain-based credit market.

Upcoming Events

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Projects Announcements

Where to Buy Permian Labs?

Permian Labs' token, USDai, can be traded on various exchanges. However, specific exchange listings are not provided in the available information.

Permian Labs Price

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Permian Labs Price Prediction

Currently, there are no available forecasts from reliable experts or publications regarding the price prediction of Permian Labs' token.

FAQ

What is the Purpose of Permian Labs?

How Can I Participate in Permian Labs's Ecosystem?

What Sets Permian Labs Apart from Competitors?

Is Permian Labs Secure?

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Community Sentiment

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.