KEY TAKEAWAYS
- Oraichain increases GPU staking APR from 4% to 7.5% to meet rising demand, effective November 25.
- AI-powered dApps like Cupiee and aiRight drive GPU demand, doubling revenue from Oraichain’s GPU resources.
- The APR adjustment aims to distribute increased revenue fairly and boost ORAI holder participation.
- Oraichain’s focus on AI projects strengthens its ecosystem, avoiding GPU rental for mining.
Oraichain has announced a significant adjustment in its GPU staking annual percentage rate (APR), increasing it from approximately 4% to 7.5%, effective November 25. This change comes in response to a doubling of GPU demand over the past six months, driven by the success of AI-powered decentralized applications (dApps) and the growing utilization of Oraichain’s GPU infrastructure.
The Oraichain Foundation manages an infrastructure of 2,000 VRAM GPUs, with two-thirds being NVIDIA A100s. This setup supports the increasing demand for AI applications on the Oraichain mainnet, which has seen substantial growth in both user engagement and revenue. The number of users participating in GPU staking has risen significantly, with over 300 Oraichain wallet addresses now involved.
Growth of AI-Powered dApps
The surge in GPU demand is largely attributed to the success of AI-powered dApps such as Cupiee, aiRight, KawaiiQ, DeFi Lens, and the newly introduced Distilled AI. These applications have thrived due to consistent development and growing user engagement, contributing to a near doubling of revenue generated from applications utilizing Oraichain GPU resources in October.
Notably, Oraichain’s GPUs are dedicated exclusively to supporting AI projects, rather than GPU rental for mining. This focus underscores the ecosystem’s solid and sustainable foundation, built on AI-focused innovations.
Impact on Staking and Community Engagement
The adjustment in GPU staking APR aims to ensure a fair distribution of increased revenue while encouraging more ORAI holders to participate. The total net APR for ORAI staking will now reach 23.5%, combining 16% from mainnet staking on Oraichain and an additional 7.5% from GPU staking. This change rewards existing stakers and strengthens the network, accelerating the growth of Oraichain’s GPU-powered AI ecosystem.
The APR adjustment will be officially implemented on November 25, as announced here. Oraichain remains committed to building a robust and sustainable AI ecosystem, enhancing rewards and opportunities for its growing community.
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