LooPIN: A PinFi protocol for decentralized computing
<|reference_start|>LooPIN: A PinFi protocol for decentralized computing: 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.<|reference_end|>
@article{mao2024loopin:,
    title={LooPIN: A PinFi protocol for decentralized computing},
    author={Yunwei Mao, Qi He, Ju Li},
    journal={arXiv preprint arXiv:2406.09422},
    year={2024},
    archivePrefix={arXiv},
    eprint={2406.09422},
    primaryClass={cs.DC cs.AI cs.CE cs.CR}
}