QiDao and Market Partnership

QiDao and Market.xyz teamed up to launch a new chapter for QiDao. This update introduces a variable rate lending option to QiDao’s core stable asset issuance. The partnership enables short term borrowing of stablecoins at the lowest rates on Polygon. This complements QiDao’s vaults, which offer the best rates for long term stablecoin loans.

The creation of a variable interest rate lending market for MAI provides the following benefits:

  • Offers competitive short-term stablecoin loans
  • Increases QiDao’s and Market’s TVL
  • Combines Market and QiDao development resources
  • Allows users to create new MAI stablecoins through borrowing on Market.xyz
  • Creates new yield opportunities for vault owners on QiDao
  • Adds revenue source for QiDao with interest earned from supplying MAI
  • Makes Market a hub for stablecoin market lending

A new, more balanced Market

  • Stable Lending: A focused lending market for stable assets.
  • Bootstrapping: Select markets will be provided with liquidity from the protocol.
  • co-DAO-llaboration: Bootstrapped lending markets launched on Market will be administered by QiDao protocol.
  • Market Operations: Qi holders can vote to manage MAI in Market.xyz.
  • Staking Revenue: eQi holders will receive fees earned administering the markets.

QiDao snapshot vote:


Get started using the value of your tokens https://polygon.market.xyz/pool/1!




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

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

NFT User Levels in OpenSea on Polygon

Sperax Monthly Newsletter | April 2022

Tutorial — How to create a Metamask wallet to facilitate the storage and trading of GNY tokens.

Why is Bitcoin Prices falling down

Originally published on Instagram

ALIF Syllabus-Introduction to Blockchain

Can Twitter predict cryptocurrency price changes?

DEC (Decentr) is now available on TomoDEX Spot Trading

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

More from Medium

QiDao Fundamentals Review: Week 38 (1/17–1/23/2021)

Fantom is Now Part of ChainPort’s Supported Blockchains for Boosted EVM Interoperability

Larix Monthly Report Jan 2022

FATExDAO — DAO sustainability governance proposal (1/26/22)