You can now trade the rental price of Nvidia’s AI chips on the blockchain. Injective has just launched a futures market allowing traders to bet on whether the rental price of Nvidia’s AI chips will rise or fall, with up to 10x leverage. The new index, called SICI, tracks the rental prices of five chip models—H100, B200, H200, A100, and RTX 4090—updated hourly based on data aggregated by LO:TECH. Since AI companies typically rent rather than purchase chips, Injective believes this market enables renters to hedge against rising rental costs and lessors to hedge against declining revenues. The launch comes amid growing financial concerns in the AI compute rental industry.