LooPIN: A PinFi protocol for decentralized computing

• URL: http://arxiv.org/abs/2406.09422v1
• Date: Fri, 29 Mar 2024 21:37:59 GMT
• Title: LooPIN: A PinFi protocol for decentralized computing
• Authors: Yunwei Mao, Qi He, Ju Li,
• Abstract summary: PinFi protocol is designed to facilitate the distribution of computing power within networks in a decentralized manner. It significantly reduces the costs of accessing computing power, potentially to as low as 1% compared to existing services.
• Score: 2.9847543412073754
• License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
• Abstract: Networked computing power is a critical utility in the era of artificial intelligence. This paper presents a novel Physical Infrastructure Finance (PinFi) protocol designed to facilitate the distribution of computing power within networks in a decentralized manner. Addressing the core challenges of coordination, pricing, and liquidity in decentralized physical infrastructure networks (DePIN), the PinFi protocol introduces a distinctive dynamic pricing mechanism. It enables providers to allocate excess computing resources to a "dissipative" PinFi liquidity pool, distinct from traditional DeFi liquidity pools, ensuring seamless access for clients at equitable, market-based prices. This approach significantly reduces the costs of accessing computing power, potentially to as low as 1% compared to existing services, while simultaneously enhancing security and dependability. The PinFi protocol is poised to transform the dynamics of supply and demand in computing power networks, setting a new standard for efficiency and accessibility.

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