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Mai Finance
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 * Introduction
 * General Introduction
 * Detailed introduction
 * How Does it Work: Stablecoin Economics
 * Debt Ceilings
 * Peg Stability Module
 * Liquidations
 * Fees
 * Risks Management
   * Security
   * Collateral Assets
   * Controlled Risks
   * Chain Risk
 * Governance Proposals
   * Proposal Procedures
   * New Asset Proposal Template
   * General QIP Template
   * Evolution of the DAO
 * resources
   * Links & Resources
   * Press and Branding Kit
   * Qi Glossary
   * Service Agreement
 * Tokenomics
   * Qi Token
   * Qi Locking
   * Governance
   * Token Distribution
 * Smart Contracts
   * Important Addresses

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GENERAL INTRODUCTION

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

   

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.

What sets MAI apart from other decentralized stablecoins is that it is native to
every chain that it is on. This means that it is created by collateral deposited
directly on the chain where it is used. This is in contrast to other
decentralized stablecoins, which are first minted on one chain and then bridged
over to different chains. Being native to each chain brings far more value to
each ecosystem due to increase use case for native assets as well as no bridge
risk associated with the minting and burning of the token.

MAI was the first crosschain fungible token, allowing for full interpretability
between CDPs on various chains. This bridging architecture is currently paused.

NextDetailed introduction

Last updated 3 months ago

On this page
 * What is Mai Finance?
 * What is the QiDao Protocol?
 * How is QiDao governed?
 * What is MAI?
 * What are some use cases for QiDao?
 * What is the difference between QiDao and other stablecoin protocols?

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