Highlights of the week

QiDao Weekly Updates — Week 45

(03/07–03/13/2022)

0xNacho
QiDao General Updates

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Debt ceiling increases:

  • Polygon: GotchiVault vGHST (800K MAI), Stake DAO am3CRV (250K MAI), Aave camWMATIC (500K MAI)
  • Fantom: Yearn Finance FTM (1M MAI)
  • Avalanche: Stake DAO av3CRV (250K MAI)

Product Improvements:

  • New collateral: vGHST
  • Curve Farms on Mai Finance have new farming contracts. Users have to migrate to the new pools to continue farming QI:

QiWars:

  • A Polygon Alliance has been formed with 5 polygon native protocols (Sphere Finance, Vesq, OtterClam, Tetu and Universe Finance) working together to bring TVL back to Polygon by participating in the Qi Wars:
  • GotchiVault announces their vQI:

MAI Universe:

  • Tomb Finance launches their first stablecoin LP with the new TOMB-MAI LP farm. Stake at https://tomb.com/cemetery to earn TSHARE:

Governance:

  • QIP075: Reinstate Qi taken from Superfluid Exploit
    Proposal details: Restore the ~19M Qi taken from the protocol to reinstate allocation vesting. This will not affect the current emissions schedule for farms. All vesting would resume as detailed in the docs.
    Status: Passed
  • QIP076: Vault Incentives Gauge (Week 5)
    Proposal details: Vault incentives are allocated a total of 0.65 Qi per block (around 180k Qi per week). Following QIP047, the distribution of these rewards among vault types will be decided every two weeks by the DAO.
    Status:
  • QIP077: Seed Angle lending market with MAI from the DAO
    Proposal details: Seed Angle market with MAI. Angle is a overcollateralized Euro stablecoin. At the time of writing, it holds over $200M in locked value (only on Ethereum). There’s around $6M in liquidity for agEURO on QuickSwap.
    Status: Passed

Qi tracker:

  • Amount of Qi staked: 36,994,136 (57.50%)
  • 18,548 addresses holding Qi.

Upcoming:

  • Arbitrum Launch.
  • Chainlink oracle for MAI.
  • BSC markets.
  • Bribing page for QI.
  • Cronos, IoTeX Launch — waiting on Chainlink integration.
  • cBridge integration.
  • JulCard launch. Spend your $MAI in real life.
  • Official Docs translated to several languages.
  • Replenishments updates on Discord and Twitter.

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, Aurora, 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 on Spotify

Community growth

  • Lao Zi Twitter: 6,714 followers (0.22% increase)
  • QiDao Protocol Twitter: 17,156 followers (1.14% increase)
  • Telegram Chat: 2,116 members (1.29% increase)
  • Telegram Announcements: 314 members (0.96% increase)
  • Discord: 8,893 (1,75% increase)
  • Youtube: 420 (0.48% 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

Discord
Telegram Chat
Telegram Announcements
Twitter
Docs

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