Aethir, a decentralized GPU cloud network, has joined forces with Credible Finance, a lending protocol, to unveil what they claim to be the first credit card and loan product driven by a decentralized physical infrastructure network (DePIN).

This innovative step provides Aethir’s ATH token holders and node operators access to stablecoin credit without having to liquidate their tokens. This initiative aims to integrate on-chain infrastructure with real-world financial resources.

Highlights:

• The product allows eligible users to collateralize their ATH tokens for a revolving credit line or preload a no-fee card with ATH or stablecoins on Solana.
• Loan approvals and limits will be based on Credible’s AI-driven credit engine, evaluating a user’s on-chain activities, asset holdings, and transaction history.
• DePIN projects utilize blockchain incentives to develop real-world infrastructure.
• With a significant drop in crypto borrowing recently, this product addresses the limitations of overcollateralized lending models.

“This downturn underscores the limitations of overcollateralized lending models and highlights the need for credit systems that reflect real on-chain activity and infrastructure ownership,” the team stated in a release shared with CoinDesk.

“This is the first DePIN-native token being activated for real-time credit,” stated Shrikant Bhalerao, CEO of Credible Finance.

For further information about Aethir’s endeavors, you can check out their related articles.