QiDao Weekly Updates — Week 33 (12/13–12/19/2021)

Recent Announcements

  • QiDao launching on Harmony. Qimps can now borrow using $ONE and $ETH as collateral on Harmony.
  • Debt ceiling increases on:
  • Polygon: WETH, camDAI.
  • Fantom: mooFantomBIFI, mooScreamETH, mooScreamBTC
  • Vote passed to add Stake DAO strategies as collateral for $MAI. Link to QIP045
  • Vote passed to allocate Qi to run Qi Bonds. QiDao will be able to buy LP tokens from users with Qi. Link to QIP046
  • Vote passed to Instate a Gauge for Vault Incentives. This will allow users to vote with $QI to decide what collateral tokens get vault rewards. Link to QIP047
  • AMA with Crypto Colosseum to talk about our partnership to bring DeFi and Gaming closer.
  • Fireside Chat with Harmony. Watch it here
  • Fireside Chat with Stake DAO. Watch it here
  • New farm on Moonriver. Deposit MAI-13SP stables LP on 1Swap Finance and get 1SWAP rewards.
  • Partnership with VenomDAO to launch the first $MAI pairs on Harmony on ViperSwap: $MAI-$ONE and $MAI-$VIPER. Stake the LPs and earn $VIPER as yield.
  • 1,155 $BCT taken off the market with QiDao’s profits from users borrowing $MAI at Market Green Locker.
  • Vote to Engage in Bribing for Curve Rewards on Polygon. Link to QIP048
  • Vote to Seed Fantom Ecosystem Locker with MAI. This will allow users to borrow MAI in Market.xyz lending market from Fantom ecosystem assets such as $TOMB, $TSHARES, $xBOO, $SPIRIT, and $BEETS. Link to QIP049
  • New articles on the Community’s Unofficial Guide to Mai Finance about How to get started on Cronos, Farming Legos with CroDex and How to get started on Harmony.
  • Qi bonds


  • Arbitrum Launch
  • Cronos, IoTeX Launch — waiting on Chainlink integration.
  • MOVR as collateral for $MAI in Moonriver
  • Tidal insurance coverage
  • TOMB collateral for MAI in market.xyz.
  • TOMB-MAI LP pairs in different networks Polygon and Avalanche
  • CeFi partnership announcing soon
  • New liquidity pool being added on QuickswapDEX: HBAR-MAI
  • Julcard launch. Spend your $MAI in real life.
  • NEAR Partnership
  • Proposal to engage in governance token swap with Stake DAO.
  • Official Docs translated to several languages.
  • Amount of Qi staked: 15,233,227. (43% of Qi locked)
  • 11865 addresses holding Qi.

Conversations in the works:

  • Market making for MAI
  • Liquidity incentives to increase demand for MAI
  • Cross chain partnerships with projects on Moonriver, Fantom, Avalanche, Arbitrum, Cronos, Solana etc.
  • QiDao Pro
  • Building a QiDao automation unit to build automations that will improve the protocol

Most Recent Fireside Chats and AMAs

You can find them all on our fireside chats on YouTube channel

You can also listen to our fireside chats and AMAs on our podcast channel on Spotify

Community growth

  • Lao Zi Twitter: 5,847 followers (0.98% increase)
  • QiDao Protocol Twitter: 10,300 Followers (5.5% increase)
  • Telegram Chat: 1,808 members (0.11% increase)
  • Telegram Announcements: 88 members (10% increase)
  • Discord: 6,606 members (1,11% increase)
  • Youtube: 349 subscribers (3.56% increase)

Asks for the the community

  • As we launch on other chains, help spread the word amongst your communities to try out our vaults.
  • Engage in community discussions on Discord
  • Vote when we have QIPs out.
  • More important than ever are partnerships we can make on other chains — If you think of partnerships that can help please introduce us.

Learn more about QiDao and get involved in the community


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