FOUNDATION
Invest
FCY · Foundation Compute YieldComing soon
Financing the AI capex boom.
A USDC-denominated index of on-chain AI compute infrastructure debt — GPU-backed financing, datacenter credit, neocloud lending. Yield comes from interest and lease payments, not emissions.
Target APY17.00%
Get notified
Join the FCY waitlist
Sign in with X to claim your spot. We'll generate your share banner + referral link. Earn 20% of our fee on friends' yield when FCY launches.
Join the waitlistAI Capex
$1T+
annual run-rate by 2027
Target APY
17.0%
blended, ex-emissions
Constituents
2
rules-based index
Index constituents
Σ blended 17.00%GAIB
GAIB
Exposure to GPU and datacenter financing facilities. Yield accrues from interest and lease payments on compute hardware deployed to neoclouds and AI infrastructure operators.
APY18.0%→25.0%
Docs sUSDai
USD.AI
GPU-collateralized lending infrastructure. Yield from overcollateralized loans where physical GPUs back outstanding USDC borrows for compute operators.
APY15.5%→22.0%
Docs Gigawatt Credit
TBD
Roadmap. Gigawatt-scale datacenter construction debt and power infrastructure financing — the layer beneath the chips. Sized to the $35–60B/GW capex profile of new AI campuses. Activates once a comparable on-chain primitive becomes available.
Why compute credit
01
$1T+ capex cycle
Hyperscaler AI capex is heading toward $700B+ annually, with cumulative spend through 2030 estimated at $3–7T.
02
Financing gap
Banks are still learning to underwrite GPU-backed loans. Private credit fills that gap — increasingly on-chain.
03
Yield premium
Lending into smaller compute operators and GPU-backed financing pays materially more than IG bond yields.
FAQ
Public AI equity gives you exposure to earnings multiples and trades on sentiment. FCY is a fixed-income claim on the financing of physical compute infrastructure. Cash flow comes from interest, lease, and debt repayments — uncorrelated with public AI sentiment.
FCY does not lend directly in v1. It allocates into established on-chain compute-credit primitives (GAIB, sUSDai) which underwrite GPU-backed loans, datacenter financing, and neocloud operators. Direct origination is on the roadmap.
Headline FCY yield excludes them. Methodology tracks yield from real financing activity only. Any incentives received by underlying constituents are disclosed separately.
Squads multisig and Token-2022 fcyUSD mint are deploying alongside an audit pass. Email updates go out the moment FCY is live. Methodology and constituent set above are final.