Injective launches GPU rental index perpetuals with up to 10x leverage

Injective has launched a perpetual futures market tracking rental prices for five Nvidia GPUs, offering up to 10x leverage against its new Super Intelligence Compute Index. Summary Injective’s SICI perpetual market offers up to 10x leverage, with USDC used as margin. H100 rentals carry a 40% weighting in the index’s basket of five Nvidia GPUs. LO:TECH calculates the benchmark hourly using a seven-day average of weighted rental-price data. Index methodology changes will create separate versions without replacing the existing live series. Injective said in its Oct. 26 announcement that the SICI market is live on mainnet, uses USDC as margin, and can be integrated into applications across its ecosystem. London-based capital markets firm LO:TECH builds and prices the benchmark using rental listings from compute marketplaces. The company describes the product as a way for traders to take positions on computing costs and for AI developers and infrastructure providers to hedge their exposure. Its announcement identifies rising rental bills as a risk for developers and falling rental revenue as a risk for equipment providers. In the same announcement, Injective said it plans to introduce a...