Most entries in this tracker are promises. USD.AI is a receipt: the protocol already ran a full points campaign, converted it into a token sale and an airdrop, and paid out. That history is the main reason its second season is worth a page.
Backfill entry Dating honesty: USD.AI's first campaign wrapped this spring, with CHIP claims closing May 30, 2026, and the Flatiron points program has been running for months, well before we started covering it. We are adding the entry in July as a backfill because the season remains open, reportedly through October 14, 2026, which makes it actionable today rather than news.
What USD.AI actually is
USDai is a stablecoin with an unusual balance sheet: instead of Treasuries, it issues loans against GPUs and AI infrastructure, positioning itself as a liquid credit market for compute the way mortgage agencies once made home loans tradable. Whatever one thinks of the thesis, it is not small. The Defiant put protocol TVL around $658 million, off a November peak near $701 million, which is more real capital than most of the farms in this tracker will ever see. The protocol runs on Ethereum and Arbitrum, per reporting has raised eight figures from investors, and issues two user-facing assets: USDai, the peg itself, and sUSDai, the staked version that passes loan yield through to holders.
The first incentive campaign, the Allo Game, ran through 2025 and split farmers into two lanes: points toward a discounted ICO allocation, or points toward a free airdrop with a multiplier for takers of the riskier path. It resolved in early 2026 with a CHIP sale reported at three cents per token and a three hundred million dollar fully diluted valuation, followed by a claim window for both lanes that closed on May 30, 2026. CHIP is the governance token of the resulting DAO. If you were in that campaign and missed the deadline, that particular door is closed, and nothing on this page reopens it.
Season 1 points, ICO and airdrop lanes.
Sale and airdrop paths paid out.
Hold, stake and LP multipliers.
Per trackers, not yet official.
How Flatiron pays, and what it costs
Flatiron is the second season, and its structure rewards being inside the protocol rather than clicking through tasks. Reported multipliers put plain USDai holding at 8x, sUSDai at 2x, CHIP staked into sCHIP at 10x, and the aggressive end, DEX liquidity provision and Pendle yield positions, up to 30x. Referrals add a reported ten percent overlay. The pattern is legible: the protocol pays most for the capital that helps it most, and the cheapest points sit in the position with the least yield, since USDai held raw earns multipliers instead of carry.
That makes the cost calculation more honest than most farms. The base position is a yield-bearing stablecoin, so the capital is not dead while it waits; the real costs are smart contract risk, the peg's dependence on loans against depreciating hardware, and the opportunity cost of the yield you give up chasing higher multipliers. What nobody has published is the other side of the ledger: how many CHIP a Flatiron point buys, what share of supply Season 2 carries, or when it distributes. The project's own material ties the points to CHIP rewards and the first season's payout history earns some benefit of the doubt, but per our tokenomics guide, an unpublished conversion is a blank you should not fill with optimism. Farm the position you would hold anyway, treat the multipliers as a tiebreaker rather than a reason, and keep everything on the official app, per our farming guide. A protocol that has already paid once attracts copycat claim pages faster than one that never has.
How to position yourself
- Mint or buy USDai on the official app (app.usd.ai) with USDC on Ethereum or Arbitrum; holding it earns Flatiron points at a reported 8x multiplier while the token itself targets a dollar peg.
- Stake into sUSDai if you want yield stacked on top; the points multiplier drops to a reported 2x, so the trade is points versus carry, and the right split depends on how much you believe in the unpublished conversion.
- Bigger multipliers sit further out on the risk curve: staking CHIP for sCHIP and providing DEX liquidity carry reported multipliers up to 30x, with impermanent loss and token exposure to match. Size those like the risks they are, per our farming guide.
- Only use app.usd.ai typed by hand and announcements from the project's official X account. The first CHIP claim window closed May 30, 2026; any page offering a late claim or an early Flatiron checkout is a scam by definition.
Reality check None of these steps guarantee an allocation. Teams change criteria late, add anti-sybil filters, and sometimes never ship a token at all. Only spend time and gas you are fine writing off.
