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Submission: On December 29 via api from US — Scanned from DE
Effective URL: https://docs.mai.finance/introduction-1
Submission: On December 29 via api from US — Scanned from DE
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🀄 🀄 🀄 🀄 Mai Finance Search ⌃K 🀄 🀄 🀄 🀄 Mai Finance Search ⌃K Introduction General Introduction Detailed introduction How Does it Work: Stablecoin Economics Benefits & Use Cases Debt Ceilings Borrowing Incentives Liquidations Bridging Fees Risks Management Security Collateral Assets Controlled Risks Peg Risks Chain Risk New Asset Listing Asset Onboarding Checklist New Asset Proposal Template resources Links & Resources Press and Branding Kit Qi Glossary Service Agreement Tokenomics Qi Token Qi Locking Governance Token Distribution Smart Contracts Important Addresses Important Links & APIs Powered By GitBook Comment on page GENERAL INTRODUCTION When I let go of what I am, I become what I might be. 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 (MAI) against the value of their decentralized token collaterals. Minting occurs through loans, denomimated in MAI stablecoins. Most loans have 0% interest, meaning the value of the related debt does not change over time. 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 (MIMATIC)? 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 0% interest loans Leverage your crypto positions Seek extra yield from collateral tokens You can find more on the benefits page. 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. HOW DOES QIDAO STAY SAFE? Learn more about QiDao's risk management strategy here. Next Detailed introduction Last modified 5mo ago Was this page helpful? On this page What is Mai Finance? What is the QiDao Protocol? How is QiDao governed? What is MAI (miMatic)? What are some use cases for QiDao? What is the difference between QiDao and other stablecoin protocols? How does QiDao stay safe? To pick up a draggable item, press the space bar. While dragging, use the arrow keys to move the item. Press space again to drop the item in its new position, or press escape to cancel. 🀄 🀄 🀄 🀄 Mai Finance Search ⌃K Introduction General Introduction Detailed introduction How Does it Work: Stablecoin Economics Benefits & Use Cases Debt Ceilings Borrowing Incentives Liquidations Bridging Fees Risks Management Security Collateral Assets Controlled Risks Peg Risks Chain Risk New Asset Listing Asset Onboarding Checklist New Asset Proposal Template resources Links & Resources Press and Branding Kit Qi Glossary Service Agreement Tokenomics Qi Token Qi Locking Governance Token Distribution Smart Contracts Important Addresses Important Links & APIs Powered By GitBook