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 against the value of their decentralized token collaterals. Minting occurs through loans, denominated in stablecoins.
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?
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 loans with no tenor
Leverage your crypto positions
Seek extra yield from collateral tokens
Upcoming Features
NFT Integration: Soon, you’ll be able to use NFTs as collateral for loans.
Cross-Chain Compatibility: Seamlessly transfer assets between different blockchains.
Get Involved!
Join our growing community and be part of the Mai Finance revolution. Don’t miss out on the opportunity to get in early on a project that’s poised for massive growth!
- Twitter: https://x.com/MAI_FN_Official
- Telegram: @mai_finance
Let’s take decentralized finance to the next level together!
submitted by /u/Terbisiz
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