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MainNewsCompute Labs...

Compute Labs Teams with Plume to Boost AI Compute in DeFi


Aug, 21, 2024
2 min read
by Cryptonews
Compute Labs Teams with Plume to Boost AI Compute in DeFi

Compute Labs and Plume announced a partnership on August 20 to integrate tokenized AI compute assets.

Compute Labs utilizes its Compute Tokenization Protocol (CTP) to tokenize high-performance GPUs, allowing for the financialization of AI and direct investment in compute assets.

Meanwhile, Plume, a pioneering RWA (Real-World Asset) network for crypto enthusiasts, offers an infrastructure that bridges real-world assets with crypto markets. Plume focuses on creating crypto-native RWA use cases, including derivatives, speculation, borrowing/lending, and yield farming.

Together, this partnership aims to improve the accessibility and liquidity of enterprise-grade GPUs in the DeFi ecosystem.

The Significance of the Partnership: Bringing AI Compute to DeFi

By integrating tokenized AI compute assets such as the H100 and B200s into the Plume ecosystem, users can invest directly in high-demand compute resources.

This development opens a new investment avenue within the growing AI sector and offers potential returns, with yields on RWA investments reaching up to 80%.

This integration is transformative for the Plume ecosystem. It enables tokenized GPUs to be traded on the platform, significantly boosting Total Value Locked (TVL) and fostering deeper engagement within the DeFi community.

By incorporating these AI compute resources into Plume, liquidity is enhanced and a dynamic marketplace is created, attracting a broader range of investors and users.

A Symbiotic Relationship: Compute Labs and Plume to Thrive Under Partnership

For Compute Labs, the partnership offers considerable advantages, particularly through Plume’s liquidity support and enhanced APY programs.

This is supported by Plume, as they roll out liquidity support and launch campaigns focused on bootstrapping deposits for Compute Labs’ assets.

These initiatives are likely to attract more investors and provide a more robust market for Compute Labs’ tokenized assets.

Moreover, the planned integration of a compute-backed yield-bearing stablecoin, C-USD, will introduce additional composability with Plume’s RWA-focused trading primitives.

Designed to maximize the benefits for both ecosystems, it makes it more attractive for users to engage with these tokenized assets.

This development has the potential to enrich both ecosystems further, enhancing their overall value proposition and offering investors diversified opportunities in the AI and DeFi spaces.

The post Compute Labs Teams with Plume to Boost AI Compute in DeFi appeared first on Cryptonews.

Read the article at Cryptonews

Read More

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MainNewsCompute Labs...

Compute Labs Teams with Plume to Boost AI Compute in DeFi


Aug, 21, 2024
2 min read
by Cryptonews
Compute Labs Teams with Plume to Boost AI Compute in DeFi

Compute Labs and Plume announced a partnership on August 20 to integrate tokenized AI compute assets.

Compute Labs utilizes its Compute Tokenization Protocol (CTP) to tokenize high-performance GPUs, allowing for the financialization of AI and direct investment in compute assets.

Meanwhile, Plume, a pioneering RWA (Real-World Asset) network for crypto enthusiasts, offers an infrastructure that bridges real-world assets with crypto markets. Plume focuses on creating crypto-native RWA use cases, including derivatives, speculation, borrowing/lending, and yield farming.

Together, this partnership aims to improve the accessibility and liquidity of enterprise-grade GPUs in the DeFi ecosystem.

The Significance of the Partnership: Bringing AI Compute to DeFi

By integrating tokenized AI compute assets such as the H100 and B200s into the Plume ecosystem, users can invest directly in high-demand compute resources.

This development opens a new investment avenue within the growing AI sector and offers potential returns, with yields on RWA investments reaching up to 80%.

This integration is transformative for the Plume ecosystem. It enables tokenized GPUs to be traded on the platform, significantly boosting Total Value Locked (TVL) and fostering deeper engagement within the DeFi community.

By incorporating these AI compute resources into Plume, liquidity is enhanced and a dynamic marketplace is created, attracting a broader range of investors and users.

A Symbiotic Relationship: Compute Labs and Plume to Thrive Under Partnership

For Compute Labs, the partnership offers considerable advantages, particularly through Plume’s liquidity support and enhanced APY programs.

This is supported by Plume, as they roll out liquidity support and launch campaigns focused on bootstrapping deposits for Compute Labs’ assets.

These initiatives are likely to attract more investors and provide a more robust market for Compute Labs’ tokenized assets.

Moreover, the planned integration of a compute-backed yield-bearing stablecoin, C-USD, will introduce additional composability with Plume’s RWA-focused trading primitives.

Designed to maximize the benefits for both ecosystems, it makes it more attractive for users to engage with these tokenized assets.

This development has the potential to enrich both ecosystems further, enhancing their overall value proposition and offering investors diversified opportunities in the AI and DeFi spaces.

The post Compute Labs Teams with Plume to Boost AI Compute in DeFi appeared first on Cryptonews.

Read the article at Cryptonews

Read More

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