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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. All loans have 0% interest, meaning the value of the related
debt does not change over time. A 0.5% repayment fee is charged when debt positions are repaid.
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.
total supply 306 million all time high $1.35 all time low $0.80
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