Recently been thinking about the liquidity model of computing power. In fact, apart from all the dream project parties that do not truly hold and sell computing power, all crypto computing power projects are actually achieving the following three types through token operations:

- Mortgage loans (collateral being computing power hardware)

- Income securitization (or computing power REITs)

- Bridge loans and payment terms

Here, taking @AethirCloud as an example, I actually spoke with Aethir's project team a long time ago because a friend has a batch of machines somewhere and wants to host them to earn some revenue. Aethir's business model is, on one hand, its own cluster, and on the other hand, it provides decentralized cloud infrastructure (as well as helping bare metal machines with containerization), where the fees are primarily distributed in $ATH tokens. These $ATH tokens need a certain amount of time to be released.

This process essentially relies on coin subsidies to generate revenue from intermediary business, while providing a certain cost for bridge funds.

On-chain compared to the real world is a high-interest environment, and bridge funds naturally pursue higher returns. The solution is nothing more than stabilizing the coin price and increasing compound returns.

Recently, Aethir's collaboration with Eigenlayer integrates AVS services, allowing $ATH Holders to stake through Eigenlayer and receive an additional $EIGEN token rewards. In addition, Aethir has also joined Coinbase's roadmap, which will bring it into the sight of American buyers.

Overall, I believe this business model is one of the intuitive categories within the computing power space. If it is possible to separate revenue and the token issuance entity, and create a cloud service company that can go public, it would truly be borrowing the false to establish the real.