In order to fix the fungibility issue of early bridging, QiDao pioneered the canonical bridging standard for transferring tokens between blockchains.
Token bridges, such as Stargate and Axelar, are allocated MAI tokens to transfer between chains. Using crosschain messaging systems, these bridges transfer liquidity between chains. No bridge can mint MAI on any chain. Only the QiDao Protocol retains these minting rights.
Exposure to bridges is limited via MAI allocations. These allocations can be revoked partially or fully. As bridging technology improves, QiDao can change bridge providers by removing MAI allocations.
- No reliance on any one bridge
- Full fungibility of MAI across all chains
- Exposure diversifications between several bridges