General Introduction
When I let go of what I am, I become what I might be.
Mai Finance is the frontend / dashboard for the QiDao Protocol: it allows users to connect to the QiDao Protocol via a website.
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.
QiDao is a community-run, community-governed protocol. Changes are made through proposals and voted on by holders of the governance token, Qi.
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.
- Keep your crypto while still using its value
- Receive instant 0% interest loans
- Leverage your crypto positions
- Seek extra yield from collateral tokens
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.
Last modified 2mo ago