General Introduction

When I let go of what I am, I become what I might be.

What is Mai Finance?

Mai Finance is the frontend / dashboard for the QiDao Protocol: it allows users to connect to the QiDao Protocol via a website.

What is the QiDao Protocol?

QiDao is an overcollateralized stablecoin protocol that allows users to mint stablecoins (MAI) against the value of their decentralized token collaterals. Minting occurs through loans, denomimated in MAI stablecoins. All loans have 0% interest, meaning the value of the related debt does not change over time. A 0.5% repayment fee is charged when debt positions are repaid.

How is QiDao governed?

QiDao is a community-run, community-governed protocol. Changes are made through proposals and voted on by holders of the governance token, Qi.

What is MAI (miMatic)?

MAI is a USD stablecoin backed solely by decentralized tokens. Its target peg is 1% within the US Dollar. MAI can only be minted by users through overcollateralized debt positions.
MAI is a decentralized stablecoin and cannot be manipulated by centralized entities.

What are some use cases for QiDao?

  • Keep your crypto while still using its value
  • Receive instant 0% interest loans
  • Leverage your crypto positions
  • Seek extra yield from collateral tokens
You can find more on the benefits page.

What is the difference between QiDao and other stablecoin protocols?

QiDao is an overcollateralized stablecoin protocol; it is not an algorithmic stablecoin. We took inspiration from different stablecoin protocols as well as our community to help build the superior protocol we have today, combining the best of both worlds.

How does QiDao stay safe?

Learn more about QiDao's risk management strategy here.
Last modified 15d ago