so
venice.ai (
@venice-ai) is doing something very unique, staking $VVV gives "free" pro access to their AI inference models! As a regular user of Venice, this makes a lot of sense for me to do as I get a direct and immediate ROI in the form of AI inference.
Starting tomorrow, they will introduce a new token, $DIEM. This will token is created by staking $VVV and minting $DIEM. Staking $DIEM gets you pro access to their api models, think chatgpt except instead of paying a monthly fee, you simply buy $DIEM and stake it. you get $1 worth of api access per day for each $DIEM staked. In order to get your $VVV back you have to burn $DIEM. so DIEM value will be determined by a dual market mechanism - how many people need DIEM for their api calls to
venice.ai, how many users need to buy/burn DIEM to exit their VVV holdings.