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About Staked USDai
Analysis of 16 Feb 2026Staked USDai (sUSDai) is a yield-bearing ERC-4626 vault token from USD.AI protocol, developed by Permian Labs and powered by M^0 Foundation's programmable stablecoin infrastructure. As of February 2026, the protocol manages $651M TVL with 70,000+ users, delivering 9.62% APY backed by real-world GPU rental income from NVIDIA hardware deployed in AI data centers.
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Launched in September 2025 with $13M Series A from Framework Ventures, USD.AI has approved over $1.2B in GPU-backed facilities, including a $500M facility for Sharon AI (January 2026). The protocol tokenizes GPUs as collateral through GWRTs (GPU Warehouse Receipt Tokens), enabling AI companies to finance infrastructure equipment with non-recourse loans.
The January 2026 PayPal partnership launched a 4.5% incentive on up to $1B in deposits. In February 2026, USD.AI launched its CHIP governance token via CoinList ($0.03 per token, $300M FDV, Feb 22-27 sale window), while Pendle introduced YT Lock Vaults (Feb 19) for enhanced yield strategies.
Users stake USDai (backed 1:1 by US Treasuries via M^0's $M token) for sUSDai to earn yield from AI compute rental repayments, with redemptions processed in 30-day fixed windows.
