RAX AI Infra Pool (The Market for "AI Infra Equity")

• What it is: The "Equity Layer" of the RAX ecosystem. Unlike the stablecoin pool, this is the market for risk-on assets. Users trade Compute and Energy Series Tokens, which represent fractional ownership of the productive hardware (GPUs/Power facilities).

• Stake to Earn (Net Yield): Holders stake into the Series Vault to earn the "Profit Margin."

  • Mechanism: Under the Priority Settlement Waterfall, revenue generated by the GPU is first used to cover energy and borrowing costs (which flows to Energy RWA and stablecoin Stakers).

  • The Upside: The remaining revenue—the net profit—flows entirely to Compute Stakers. This creates a high-beta asset that captures the full upside of AI demand spikes.

• Sovereign Price Discovery: This pool establishes the first transparent, global reference price for a "FLOP of Intelligence."

  • It decouples the value of "Compute" (Intelligence) from "Energy" (Cost), allowing the market to price the scarcity of processing power independently.