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USDai CHIP

CHIP is the governance token used to participate in protocol decision-making. Governance can cover collateral eligibility, lending parameters, fees, integrations and system upgrades.

Governance

CHIP holders can participate in decisions that shape protocol rules and risk parameters. Governance should be evaluated separately from the economic characteristics of USDai and sUSDai.

Staking Status

The current source documentation states that CHIP staking is not presently used for protocol functions. Users should verify the live application before assuming any staking utility or reward.

Token Risk

CHIP does not represent equity or ownership in protocol assets. Governance-token value and utility can change as protocol rules evolve.