Qi (pronounced CHEE) is the governance token of the QiDao Protocol. It allows those who hold it to vote on changes to the QiDao Protocol.
How can I get Qi?
Buy it at an exchange like app.slingshot.finance
Earn it by providing liquidity to MAI-USDC or Qi-MAI on QuickSwap
Can I vote with Qi in liquidity pools?
Qi voting power is calculated through Qi Powah. This includes Qi locked in liquidity pools as well as vested Qi. Currently, it does not include unclaimed Qi rewards on app.mai.finance.rewards.
New collateral vault types (new tokens accepted to be used as collateral)
Change repayment fee
Upgrade to the system
Qi community treasury decisions
Qi holders will decide in a consensus how to distribute the treasury funds to pay for various infrastructure needs and services. The governance mechanism is designed to be flexible and upgradeable over time.