Diem(DIEM)

Overview

DIEM is an ERC-20 token used within the Venice AI ecosystem and issued on Base, an Ethereum layer-2 network. One DIEM represents $1 per day of Venice API capacity, and that entitlement is designed not to expire. Like other ERC-20 tokens, DIEM can be transferred, traded, and staked.

DIEM is not freely issued: it can only be minted by locking staked VVV (sVVV), which ties DIEM and VVV together as linked assets. The design lets VVV holders convert unused API capacity into DIEM, while developers and applications can secure a fixed amount of inference capacity instead of paying variable, usage-based API bills. Because DIEM is a standard onchain token, it can also be held or used by automated agents and other onchain applications.