Embargo: July 16 – 8am et
Aethir, a decentralized GPU cloud network, cooperated with the Financial Finance, a lending protocol, to introduce what they say is the first credit card and a loan product enabled by A decentralized physical network infrastructure (DEFIN)).
The move was designed to give native Aethir token holders and node operators to access Stablecoin’s credit without overlooking their tokens-a step towards the explosion of chain infrastructure with real-world capital capital.
The product, which debuted on Wednesday, allows eligible users to collateralize their ATH tokens to access a rotating line of credit or pre-paid an unpaid card with ATH or stablecoins in Solana. Loan approval and limits are determined by the AI-driven credentials credit engine, which evaluates a user’s on-chain activity, asset holder and transaction history.
Definition projects use blockchain incentives to develop real-world infrastructure development. In Aethir’s case, node operators contribute to the power of computing and earn ATH in return. These rewards are based on factors such as uptime, performance and completion of work, which effectively becomes physical infrastructure in the on-chain income.
Credit card launch came as crypto borrowing slides. According to the team, decentralized lending platforms have seen a $ 4.75 billion denial of open loan In the first quarter, the largest quarterly contraction since 2023. At the same time, the global credit interval for small and medium -sized businesses in Emerging markets stand in $ 5.7 trillion.
“This fall emphasizes the limitations of overcollateralized lending models and highlights the need for credit systems that reflect the true on-chain and infrastructure-owned activity,” the team wrote an release shared with CoinDesk.
“This is the first token of the depin-native activated for real-time credit,” said Shrikant Bhalarao, CEO of Creitible Finance, on the release. “We are becoming tokenized infrastructure in available financial capital.”
The team wrote that accessing the credit card
