QiDao Weekly Updates — Week 38 (01/17–01/23/2022)

Recent Announcements

  • Debt ceiling increases: Fantom: mooBIFI, mooScreamDAI, mooScreamWBTC, mooScreamETH, yvDAI and yvFTM. Polygon: BTC, MATIC, LINK, camDAI and camBTC.
  • Market xyz seeding operations: 1M MAI each to SpiritSwap, SpookySwap and Tomb Finance markets.
  • The QiDao team was live at the North American Bitcoin Conference presenting MAI and the role of stablecoins.
  • SdToken vaults are live, users can now borrow MAI against their Stake DAO am3CRV Strategy tokens on Polygon.
  • Twitter Spaces AMA with StakeDao.
  • New MAI-ELK farms at Elk Finance on three chains:Harmony, Gnosis and Moonriver.
  • Partnership with Cbridge: Users are now able to bridge $MAI from Polygon to Avalanche, Moonriver and Harmony at http://cbridge.celer.network.
  • A risk assessment on QiDao/Mai (MAI) was published for Curve veCRV holders.
  • New Holy Spirit Market pool. Borrow MAI against SPIRIT, mooSpiritUSDC-DAI, USDC-FTM and fUSDT-FTM LP tokens at market.xyz on Fantom.
  • QiDAO Partners CROnos Stable Swap (CROSS) to enhance MAI liquidity and utility on Cronos chain. Read the press release here.
  • A vote has been launched to use Chainlink’s BTC oracle to price renBTC. Vote at QIP060.
  • Vote passed to decide whether to Incentivize Curve LPs on Fantom and Polygon. Check QIP059 results.
  • New article on the Community Guide about the new vault for sdam3CRV tokens: The Elephant, the Chimp and the Otter
  • Amount of Qi staked: 21,340,423 (55%)
  • 13,669 addresses holding Qi.


  • New curve incentives.
  • BSC and Avalanche markets.
  • FXS vaults.
  • Proposal to change Stake DAO’s USD strategy CDR to 110%.
  • Proposal to add G-UNI as collateral for MAI.
  • Sponsorship of POAPathon POG Edition at ETH Denver 2022.
  • Partnership announcement with Celsius.
  • Arbitrum Launch.
  • Cronos, IoTeX Launch — waiting on Chainlink integration.
  • cBridge integration.
  • Liquidity bootstrapping on Zenlink with a bootstrap pool for MAI-USDC
  • Julcard launch. Spend your $MAI in real life.
  • NEAR Partnership
  • Official Docs translated to several languages.
  • DAO tools to encourage participation in the committees.

Conversations in the works:

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

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: 6,305 followers (1.01% increase)
  • QiDao Protocol Twitter: 14,394 followers (5.16% increase)
  • Telegram Chat: 1,941 members (0.15% increase)
  • Telegram Announcements: 208 members (13.04% increase)
  • Discord: 7,819 (4.88% increase)
  • Youtube: 380 (2.43% increase)

Asks for the the community

  • Join our Space and help the protocol reach 1000 users on Snapshot.org to get a Verified ☑️ Space (86.2% achieved).
  • 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


Telegram Chat
Telegram Announcements





Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Lao Zi

Lao Zi

When I let go of what I am, I become what I might be