What is Mai Finance?
Mai Finance is the user interface for the QiDao Protocol, a decentralized, community-governed platform that enables users to mint MAI, an overcollateralized stablecoin pegged to the U.S. dollar, by depositing various crypto assets as collateral. Users can borrow MAI at 0% interest, with a one-time repayment fee, allowing them to access liquidity without selling their assets. The protocol's governance token, Qi, can be locked in the aveQI system to enhance voting power and earn a share of the protocol's revenue, incentivizing active participation in the platform's decision-making process.
Benefits of using Mai Finance
Mai Finance allows users to access stable, interest-free liquidity without selling their crypto assets, helping them retain long-term exposure. It supports multiple EVM-compatible chains, offering flexibility and low-cost transactions across ecosystems. By staking Qi or using the aveQI model, users can earn protocol revenue and participate in decentralized governance.
