QiDao Weekly Updates — Week 39

(01/24–01/30/2022)

Debt ceiling increases:

  • Polygon: Stake DAO sdam3CRV (500k MAI).
  • Fantom: Yearn Finance yvDAI (250k MAI). Beefy Finance x Scream: mooScreamDAI (250k MAI), mooScreamBTC (300k MAI), mooScreamFTM (300k MAI).

Mai Finance updates:

  • New $FXS vaults: Users can now mint $MAI with Frax Share as collateral on Polygon.
  • QiPowah delegation: Users can now delegate their QiPowah to another address to participate in governance at vote.mai.finance

QiPowah delegation

MAI Universe:

  • WARP.bond launched and users can now mint NFT Spaceship parts bonding $MAI on their DApp.
  • New MAI metapool at CROSS on Cronos Chain.
  • New SpookySwap LP market at market.xyz on Fantom: Borrow $MAI against mooBooFTM-USDC, mooBooDAI-FTM, mooBooBTC-FTM, mooBooETH-FTM and mooBooUSDT-FTM.

Governance

  • Vote passed to use Chainlink’s BTC oracle to price renBTC. Check QIP060 results.
  • Round 2 of Vault Incentives Gauge vote completed. This vote is to determine which vault types would get borrow incentives for the next 2 week period (180k Qi per week). Check QIP061 results.

Results of Round 2 that will apply from 1/31 to 2/13

  • Vote passed to Seed BiSwap LP with $200k to Start Farm on BSC. Check QIP062 results.

Community and frens:

  • AMA with Hashport Network on our Discord’s Community Stage. Listen to it here.
  • New article on the Community Guide that presents different ways to farm a single LP pair in order to illustrate the differences between staking and compounding. Read it at One LP Pair, Many ways to farm

Qi evolution:

  • Amount of Qi staked: 22,822,221 (57%)
  • 14,567 addresses holding Qi.

Upcoming:

  • BSC and Avalanche markets.
  • Proposal to add vGHST as collateral for MAI.
  • Proposal to update QI emissions on Polygon.
  • Proposal to change Stake DAO’s USD strategy CDR to 110%.
  • Proposal to add G-UNI as collateral for MAI.
  • Partnership proposal 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
  • Liquidity incentives to increase demand for MAI
  • Cross chain partnerships with projects on Moonriver, Fantom, Avalanche, Arbitrum, Cronos, Solana, BSC, etc.
  • 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: 6,402 followers (1.54% increase)
  • QiDao Protocol Twitter: 14,909 followers (3.58% increase)
  • Telegram Chat: 1,967 members (1.34% increase)
  • Telegram Announcements: 236 members (13.46% increase)
  • Discord: 7,848 (0.37% increase)
  • Youtube: 381 (0.26% increase)

Asks for the the community

  • Join our Space and help the protocol reach 1000 users on Snapshot.org to get a Verified ☑️ Space (88.6% 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

Discord

Telegram Chat
Telegram Announcements

Twitter

Docs

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