The Spice Harvest ends, The Final Spice begins
Tomorrow we will be reaching 3 months from the launch of the Spice Harvest. Since then:
- AID Alpha has raised ~$40M in TVL from more than 60k wallets
- We’ve deployed on Arbitrum, Base, Story Protocol and Sei on top of Ethereum mainnet
- We’ve integrated Resolv’s USR and OpenEden’s CUSDO
- We’ve received a $10M investment from Amber Group for the growth of AID and the GPU investment business.
- We’ve integrated AID Alpha on Pendle, where it’s been the highest yielding PT asset for several weeks
- We’ve enabled liquidity for Ethereum pre-deposits through Morpho via our partner Hyperithm.
So much done, so much more to do.
What’s happening
The Spice Harvest is scheduled to end on August 17th, making space for The Final Spice, one last push towards the launch of AID and sAID. Until this launch, several things will happen.
Withdrawal period
From August 18–24, you can secure your spot in The Final Spice by simply doing nothing — your funds will roll over automatically. If you’d prefer to end your participation, this window will be your opportunity to withdraw.
This will be the only opportunity to exit before the Final Spice ends and the mainnet product launch, which is expected to last less than 2 months (vs 3 for the Spice Harvest).
This is the first of several reminders we will publish before and during the withdrawal period to ensure sufficient notice for those who wish to use it.
We strongly encourage you to stay! The Final Spice will be fast and furious, see below for everything that is coming.
Fremen Essence NFT mint
During the withdrawal period, on August 21, the Fremen Essence NFT mint will take place for whitelisted wallets. Remember all users with deposits above $1,500 are automatically whitelisted (FCFS whitelist).
The Fremen Essence NFT is our core community 3000 units NFT collection that will lead to many rewards and benefits, starting during the Final Spice.
A whitelist eligibility checker and instructions to participate will be released on Monday 18th, with several reminders before and during the event.
The Final Spice launch
After the withdrawal period ends, the Final Spice will immediately start, automatically enrolling all staying AIDa holders from the Spice Harvest.
For users of the Pendle and Morpho pools
Pendle
The current Pendle pools for PT-AIDa will mature on Thursday, August 14. A new Pendle pool with a later maturity will launch on Wednesday 13th, enabling a one-click rollover so you can seamlessly move your matured AIDa into the new PT and continue earning yield without interruption.
If you hold PT directly in your wallet, you can either use the rollover function on August 13, or redeem your matured PT for AIDa.
Morpho
A new Morpho market for the new PT asset will open after the Final Spice is launched. The current PT-AIDa in Morpho will mature into AIDa at par value on August 14. As Morpho’s pools use a linear discount model oracle, there is no sudden drop in collateral value and therefore no major anticipated liquidation risk at maturity.
Withdrawals from the Spice Harvest will open on Monday, August 18. At that point, you’ll be able to transition your position into the new Morpho markets or fully exit during the withdrawal period if you wish to do so.
For any questions about these markets, please head to the #pendle channel in Discord and we’ll gladly answer them.
What can you expect for the Final Spice
We’re really excited to launch The Final Spice as one last push to bring AID and sAID to market and with them, yield from AI Infra onchain. We invite you to participate in this campaign with renewed energy to bring the GAIB vision to life as we make this vision a reality.
Launching on BNB and Plume
We’ll launch AID Alpha on Plume and BNB chain with exciting partnerships that will be communicated soon.
New business line
We will communicate a new AI Infra investment line that will grow the GAIB AI economic layer even further, and with it, the for investors opportunities to earn in the GAIB ecosystem.
Faster growth
We are raising strategic rounds with very exciting partners that will accelerate GAIB’s growth.
More DeFi integrations
On top of Pendle and Morpho, more DeFi opportunities will arise for AIDa assets as we prepare for the full AID launch.
A new face
GAIB will shine brighter than ever with a new brand, getting us ready to launch AID to the open market in great shape.
Many other big announcements and protocol developments are expected before AID comes to life that will be communicated through the coming weeks and months.
We invite you to stay tuned all through August for more announcements from our official channels, and to engage in bringing the AI economy onchain.