Protocol

Sovereign InfraFi: a two-sided credit market backed by Canadian assets.

DAI Compute connects depositors who supply capital with builders who finance Canadian energy and compute. Loans are originated against physical assets and cashflows; positions are tokenised, transparent, and sovereign by law.

The instrument stack

Three instruments, each with one job.

CADS Synthetic dollar

Algorithmic stablecoin. Stabilised against CAD over a blended, algorithmically-valued reserve. The stable entry point and unit of account.

Type
Algorithmic stablecoin
Peg
Tracks CAD (algorithmic)
Reserve
Blended, multi-method valued
Yield
None
sCADS Staked yield

Yield-bearing counterpart. Earns from the infrastructure loan book plus idle T-bills.

Type
Staked yield token
Yield
Loan interest + T-bills
Redeem
Northern Queue epochs
CROWN Governance

Governs collateral standards, LTV tiers, fees, and collateral-universe expansion.

Type
Governance token
Staking
sCROWN backstop
Escrow
veCROWN (considered)

Token names (CADS, sCADS, CROWN, sCROWN) are candidates pending live trademark and ticker validation.

CADS is not an aggregator token

Two designs, deliberately distinct.

CADS is DAI Compute’s own algorithmic stablecoin: stabilised against CAD by a blended, algorithmically-valued portfolio (fiat, other tokens, financial products, physical assets, hardware). It is not one-to-one fiat-collateralised. Transparency of reserve composition and valuation methods is the trust anchor.

Aggregator tokens

Collateralised, ratio self-chosen.

Qualifying aggregators issue collateralised, asset-backed tokens. DAI Compute requires genuine, provable collateralisation. It does not enforce a fixed collateral ratio; each aggregator sets its own (overcollateralised or fractional). See the aggregator standard.

The two-sided market

Capital funds loans. Loans build assets. Assets repay capital.

Demonstration · Two-sided market

CADS in · sCADS yield out

CAPITAL ENERGY COMPUTE DEPOSITORS sCADS supply capital LOAN BOOK CADS funds infrastructure BUILDERS originate assets E C energy + compute REVENUE interest returns ENTERPRISE buy sovereign compute

Depositors supply CADS to the loan book; loans fund Canadian energy and compute; assets generate revenue; interest accrues to sCADS. Enterprise buyers pay for sovereign compute into the same loop.

For Aggregators

DAI Compute is also the standard-setter for qualifying aggregators.

Independent energy-and-compute asset networks integrate under a public standard: collateralised tokens, sovereign jurisdiction, auditable consensus, and a clear integration interface.

Read the aggregator standard

The backing layer

Energy and compute, attested and collateralised.

Beneath the credit instruments sits an attestation layer. Smart-meter oracles prove that a financed asset generates verified Canadian renewable energy; proof-of-compute proves that a financed node provides verified Canadian compute capacity. These attestations determine loan eligibility, loan-to-value, and cashflow validation.

Solar-powered compute is a renewable resource: carbon-aware compute, backed by real generation.

The redemption primitive

The Northern Queue.

Because capital is deployed into illiquid, amortising infrastructure loans, sCADS redemptions run on fixed epochs. Depositors may bid, privately, for faster queue position; bids are redistributed to passive stakers. If no one bids, the queue defaults to first-in, first-out. The protocol never force-liquidates loans to satisfy withdrawals, which prevents disorderly exits and depeg spirals.

Governance

CROWN and stewardship

CROWN holders vote on the parameters that shape the protocol: which assets qualify as collateral, loan-to-value and interest-rate tiers, fees, and how the collateral universe expands. Staked CROWN (sCROWN) serves as a backstop in a shortfall event.
Regulatory

Built for Canadian law

CADS is designed as an algorithmic stablecoin over a blended, algorithmically-valued reserve (payment/utility posture); the yield-bearing sCADS is structured for the CSA Sandbox; loans use SPV isolation and PPSA-perfected security. FINTRAC registration and provincial energy compliance are part of the pathway.

DAI Compute is pre-launch. No token has been issued and no financial product is offered. Nothing here is an offer to sell or a solicitation, or investment advice. Live figures will be published only after regulatory clarity.

A full technical whitepaper is in preparation.

Covering the instrument stack, the on-chain / off-chain interplay, the Northern Queue, tokenomics, and risk. Register to be notified.

Request the whitepaper