MAI
Stablecoin protocol that allows you to keep your crypto and still be able to spend its value
All edits by Bublik Tubik
MAI
Stablecoin protocol that allows you to keep your crypto and still be able to spend its value
Mai Finance is the frontend / dashboard for the QiDao Protocol: it allows users to connect to the QiDao Protocol via a website.
QiDao is a way for you to hold on to your crypto while still being able to spend its value. It allows you to borrow stablecoins (tokens pegged to $1) at 0% interest, without selling your crypto.
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 stablecoin backed by collateral, and can only be minted with this collateral backing it. MAI is created when users deposit accepted tokens (currently MATIC) as collateral in vaults and in turn receive a loan against that collateral. Users can also mint MAI through Anchor where MAI is minted in exchange for accepted stablecoins. MAI is soft pegged to the USD, meaning that 1 MAI is around 1 USD.
MAI
Stablecoin protocol that allows you to keep your crypto and still be able to spend its value
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