Overview

Pi Protocol uses a three-token system designed to create economic stability, incentivize participation, and decentralize control. These tokens—USP, USI, and USPi—work together to manage value flow, protocol incentives, and governance rights.

The system is designed to:

• Maintain a stable, overcollateralized USD-pegged token (USP)
• Enable yield exposure through NFT-based interest tokens (USI)
• Power on-chain governance and protocol-level incentives using a native token (USPi)

Governance is community-driven and on-chain, with USPi serving as the gateway to voting, protocol upgrades, risk management, and whitelist/blacklist permissions. This structure ensures that value creation, risk oversight, and decision-making remain aligned with the protocol's long-term sustainability.