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QiDao is Polygon's first native stablecoin protocol. It is self-sustaining, community-governed, and decentralized. Loans are secured by always having more value locked than the amount of debt given out. Loans are paid out and repaid in MAI, a stablecoin soft-pegged to the USD. Mai Finance is a website that connects users to the QiDao Protocol, where vaults are created and stablecoins are borrowed.
What is QiDao?
QiDao is a decentralized finance (DeFi) protocol that enables users to borrow stablecoins interest-free by using their crypto assets as collateral. The protocol is community-governed and aims to provide a self-sustaining platform for decentralized stablecoin creation and management.
How Does QiDao Work?
Users lock up their crypto assets in a vault as collateral to mint miTokens, which are stablecoins soft-pegged to the US Dollar. For example, locking MATIC tokens allows users to mint miMatic. This system allows users to access liquidity while retaining ownership of their collateralized assets.
What Makes QiDao Unique?
QiDao stands out by offering interest-free loans and allowing users to mint stablecoins without over-collateralization. Its community-driven governance model ensures that decisions are made collectively, enhancing transparency and trust within the ecosystem.
Who Are the Founders of QiDao?
Specific information about the founders of QiDao is not readily available. The project emphasizes community governance, suggesting a decentralized approach to its development and management.

Latest News

What Key Events Have There Been for QiDao?
As of now, there are no significant milestones, partnerships, or announcements available for QiDao.
Project Announcements
There are currently no recent updates or milestones announced for QiDao.

Upcoming Events

Sin datos

Projects Announcements

Where to Buy QiDao?
QiDao tokens (QI) can be traded on decentralized exchanges such as QuickSwap, with trading pairs including QI/WETH and QI/MIMATIC.
QiDao Price
Daily Trading Volume
As of the latest data, the daily trading volume for QI is not available.
All-Time High
The all-time high for QI was $6.09, reached on November 22, 2021. Compared to the current price of approximately $0.025, this represents a significant decrease.
All-Time Low
The all-time low for QI was $0.00255096. Compared to the current price, this indicates a substantial increase.
Market Cap and Valuation
Market Cap
The current market capitalization of QI is approximately $3.72 million.
Fully Diluted Valuation
The fully diluted valuation (FDV) of QI is around $5.08 million, calculated by multiplying the current price by the total supply of tokens.
QiDao Price Prediction
While specific price predictions for QI are not available, factors influencing its price include market sentiment, adoption rates, and developments within the DeFi ecosystem. Investors should conduct thorough research and consider these factors when evaluating QI's potential.

FAQ

What is the Purpose of QiDao? jiantou jiantou

How Can I Participate in QiDao's Ecosystem? jiantou jiantou

What Sets QiDao Apart from Competitors? jiantou jiantou

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What are the Risks Associated with QiDao? jiantou jiantou

Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.

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