TL;DR: You can now spend MAI through JulCard
DeFi 2.0 IRL
Sometimes you need to pay for expenses, and often it means selling some crypto to offramp. Thanks to MAI and JulCard, you can spend the value of your crypto without selling your tokens. The process is simple: mint stablecoin against your tokens at 0% interest, and spend the stablecoins in real life with JulCard.
With interest-bearing collaterals from Beefy Finance, Aave, and Yearn Finance, your expenditures can cover themselves. As your collateral earns yield from strategies, you can use the added value to buy MAI stablecoins and progressively pay off the MAI you initially minted.
This partnership is only the first step in collaborations between JulCard and QiDao. Once Chainlink opens a price oracle for JulD on Fantom, JulD can be added as a collateral asset for MAI stablecoins. This would allow users to borrow MAI against JulD at 0% interest.
The JulCard is a VISA card powered by crypto, allowing you to shop with crypto at over 60 million merchants worldwide. JulCard is compatible with Apple Pay, Google Pay and Samsung Pay. It also earns users up to 6% cashback on transactions.
The beta for JulCard goes live in December and the main launch shortly after. Pre-register for your card at https://justliquidity.org/index