INTfrontier class
—
1,000,000 output tokens, frontier class
One million output tokens from a frontier model. The unit of intelligence.
- Peg pool
- —
- Feed
- —not deployed · 6h window
- Coverage
- —
- Markets
- 0
Units and the index
Units of intelligence, with a price.
Four units a token can be paired with. Three are synthetic units of model output the protocol mints and redeems at the index; one is Venice AI's compute token.
Inference units
Synthetic. The protocol mints each one into a single-sided ask at the index price and holds the dollars buyers paid in the vault. All three redeem for USDC or DIEM, at the index, in the same transaction.
OPENopen class
—
1,000,000,000 output tokens, open-weight class
One billion output tokens from an open-weight model. Intelligence at cost.
- Peg pool
- —
- Feed
- —not deployed · 6h window
- Coverage
- —
- Markets
- 0
AGENTfrontier class
—
1.6M input + 400k output tokens, frontier class
One hour of an agent working: 1.6M tokens read, 400k written, at frontier prices.
- Peg pool
- —
- Feed
- —not deployed · 6h window
- Coverage
- —
- Markets
- 0
The inference index
The price of intelligence, written on-chain every hour by a Chainlink Functions network from OpenRouter's public prices. A seven-day median of hourly samples. Nobody edits it.
Reading the index…
The vault
Every inference unit in circulation is backed by dollars and DIEM the vault holds, plus the peg's bid. Coverage is that backing divided by what the outstanding unit is worth at the index, computed on-chain from live feeds so anyone can check it. It rises as inference gets cheaper, and two permissionless calls keep it where it should be.
Backing
Vault USDC + vault DIEM + the bid
Owed at the index
Every unit in circulation
Coverage
Across the three units
Venice
DIEM is Venice AI's own ERC-20 on Base, routed through Aerodrome, and a pair coin in its own right. It is also what the vault delivers when you redeem an inference unit for inference.
DIEM
—
Aerodrome six-hour average × Chainlink ETH/USD
VVV per DIEM
—
The pool the price comes from
Vault inventory
—
DIEM held against redemptions
Markets quoted in DIEM
0
Paid in Venice capacity directly
One DIEM, staked in a Venice account, is one dollar of Venice API credit every day, in perpetuity, for as long as you hold it. Any wallet holding DIEM can stake it; the minimum is 0.1 DIEM. Inference Markets delivers the token and Venice delivers the inference, under Venice’s terms.