Ethereum
sAID is the staked form of GAIB's AI Dollar: an ERC-4626 vault whose capital finances enterprise GPU deployments, robotics and AI energy systems, alongside a treasury-bill liquidity reserve. The vault's exchange rate against AID rises as contracted financing payments accrue, so sAID is NAV-accruing exposure to AI infrastructure deals rather than a rebasing token. Prism verified the vault directly on Ethereum: 15.5 million shares against 16.76 million AID of assets, with one sAID convertible to 1.0809 AID at verification.
Yield from financing the GPUs the AI boom runs on, in one vault token.
Prism analyst note
The newest category in tokenized assets: the AI boom's hardware, financed on-chain. sAID holders fund enterprise GPU deployments and earn the contracted payments, with a treasury reserve as buffer, and the NAV accrues in the vault's own exchange rate where anyone can read it. The honest caveats: the underwriting is the issuer's, the deals are private, and secondary liquidity is thin, so this is early-cycle infrastructure credit, not a money market.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- Contracted GPU and AI infrastructure financing payments plus a T-bill and stablecoin reserve, denominated in AID
- Legal structure
- ERC-4626 vault over AID, a synthetic dollar backed by treasuries and stable assets; vault capital deployed into AI infrastructure financing deals
- Jurisdiction
- Decentralized protocol; financing counterparties under private agreements
- Custodian
- On-chain vault custody; underlying deal collateral held per financing agreement
- Administrator
- GAIB
- Reserve information
- The vault's NAV is on-chain: Prism reads totalAssets and the sAID-to-AID exchange rate from the ERC-4626 contract itself, and prices the result at AID's live market price. The GPU financing deals behind the yield are the issuer's underwriting, not independently attested by Prism.
- Transfer restrictions
- Freely transferable ERC-20 vault shares. Prism's NAV mark comes from the contract's own convertToAssets rate; the token's thin external order books can trade away from that NAV.
- Investor eligibility
- Open / permissionless
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers.
Frequently asked
Where does the yield come from?+
From contracted payments on AI infrastructure financing: GPUs deployed by professional operators, robotics and energy systems, plus treasury-bill income on the vault's liquidity reserve. Prism verifies the vault's NAV on-chain and does not independently attest the individual financing deals.
Why does Prism's price differ from some aggregators?+
Prism marks sAID at the vault's own on-chain exchange rate times AID's market price. Some aggregators quote a stale order book with negligible volume, which at verification showed a price far below the contract's redeemable NAV.
