Final Spice ends and launching AID/sAID
GAIB has been growing rapidly since the launch of the Final Spice in late August. We have 4x our TVL to $200M, deployed over $50M in AI and Robotics tokenization deals and launched on BNB Chain in partnership with USD1 and Word Liberty Financial, among many other achievements.
This campaign’s mission was to position AID and sAID for a strong mainnet debut and that milestone has now been reached.
We’re deeply grateful to our community for helping make these first major tokenization deals possible, and excited to share what’s next for the GAIB protocol.
The Final Spice ends and launching AID and sAID
As initially intended, the Final Spice will conclude by the end of October, exactly on October 30th. Until then, Spice will keep accruing for users according to deposits and DeFi activities. This will accommodate Pendle users as this is the date our AIDaUSDC and AIDaUSDT markets on Ethereum mature.
AID and sAID, our (staked) AI Dollar will launch to mainnet right after the conclusion of The Final Spice.
Users will be able to easily upgrade their pre-deposits from the currently active AID Alpha receipt tokens (AIDa) into our mainnet assets AID and sAID. sAID will start accruing rewards from day one from AI and Robotics tokenized assets for those who stake AID.
After launch, a dedicated migration portal will open, allowing users to seamlessly move to AID/sAID. At a different time later, a separate portal will open to withdraw their initial stablecoin deposits. AID Alpha assets will be obsolete from this point onwards.
Initially, withdrawal will be enabled for original stablecoin deposits; past this time, users will need to migrate to AID, then use AID’s redemption mechanism.
More details on the transition, as well as technical details on our AID and sAID products will be shared over the coming week.
The upcoming GAIB token and a new campaign
With AID and sAID going live, the GAIB token is coming soon! Users who have participated in the AID Alpha phase in both the Spice Harvest and the Final Spice campaigns, as well as other forms of community involvement, will be rewarded.
In addition, following the end of the Final Spice and launch of our products AID and sAID, a new Spice campaign will be launched based on the holding, staking and DeFi utilization of our mainnet AID and sAID tokens. Users can expect similar DeFi opportunities to those available during the AID Alpha phase.
More details on the launch of the GAIB token as well as the reward structure of the current and new campaign will also be shared soon!
Conclusion
Thank you again to our community for your participation and contributions so far!
Our mainnet era is about to start, bringing the AI Infra and Robotics economies onchain.
Stay tuned. We’ll be sharing detailed updates and next steps very soon.