INTfrontier class
$12.00−1.8%
1,000,000 output tokens, frontier class
One million output tokens from a frontier model. The unit of intelligence.
- Peg pool
- $12.02 · 0.18% off
- Feed
- 20m agoinference index · 6h window
- Coverage
- —
- Markets
- 0
Coins and the index
Units of intelligence, with a price.
Ten coins 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; six are tokenized stocks in the companies building the intelligence.
Inference coins
Synthetic. The protocol mints each one into a single-sided ask at the index price and keeps the dollars buyers paid in the vault. All three redeem for USDC or DIEM, at the index, in the same transaction.
OPENopen class
$900.00−3.1%
1,000,000,000 output tokens, open-weight class
One billion output tokens from an open-weight model. Intelligence at cost.
- Peg pool
- $899.01 · -0.11% off
- Feed
- 20m agoinference index · 6h window
- Coverage
- —
- Markets
- 0
AGENTfrontier class
$8.64−1.2%
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
- $8.63 · -0.11% off
- Feed
- 21m agoinference index · 6h window
- Coverage
- —
- Markets
- 0
The feed moved out of the band the peg was placed in. Repricing re-places the ask and the bid around the new index; the placement is fixed by the feed, so anyone may send it.
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 coin 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 coin is worth at the index. A published ratio, not a guarantee: it rises as inference gets cheaper and can fall below full when class prices rise or DIEM drops.
Backing
Vault USDC + vault DIEM + the bid
Owed at the index
Every coin in circulation
Coverage
Across the three coins
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 coin for inference.
DIEM
$1,738.00
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.
AI stocks
Coinbase tokenized stocks on Base under the B20 standard, routed through Aerodrome. Pair coins and payout assets both.
| Coin | Company | Price | 24h | Feed | Markets |
|---|---|---|---|---|---|
| NVDAc | NVIDIA | $211.95 | +1.8% | 40m agoChainlink, live · 26h window | 0 |
| GOOGLc | Alphabet | $284.31 | +0.9% | 42m agoChainlink, live · 26h window | 0 |
| METAc | Meta | $618.70 | −0.7% | 43m agoChainlink, live · 26h window | 0 |
| MSFTc | Microsoft | $512.44 | +0.4% | 45m agoChainlink, live · 26h window | 0 |
| AMZNc | Amazon | $243.18 | +1.2% | 47m agoChainlink, live · 26h window | 0 |
| SNDKc | SanDisk | $156.02 | +3.6% | 48m agoChainlink, live · 26h window | 0 |
Tokens, never shares: one token is a claim on one share through a multiplier that absorbs splits and dividends. Coinbase issues them for people outside the United States and can pause transfers. A payout a wallet cannot receive is held for it rather than lost.