QiDao Weekly Updates — Week 39
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
- 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.
- 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
- QiDao featured on Chainlink Today: QiDao Expands Through Multi-Chain DeFi Space With Chainlink Oracles
- Amount of Qi staked: 22,822,221 (57%)
- 14,567 addresses holding Qi.
- 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
- 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