QiDao Weekly Updates — Week 17 (8/23–8/29/2021)

Recent Announcements

Qi staked 4,013,711 (18% of circulating supply; 1% decrease from last week)

6,360 addresses holding Qi (7% week-to-week increase)

Launched WBTC and camWBTC as collaterals for MAI

Increased WBTC and camWBTC debt ceiling by 1 million MAI each

QiDao Improvement Proposals: We have opened up Discord discussions around the upcoming QIPs:

  • QIP 020 resulted in QuickSwap being the AMM that will receive the liquidity mining incentives. Link to Snapshot
  • QIP 021 resulted in 3 stablecoin pairs being incentivized on QuickSwap; MAI-USDC, MAI-DAI, MAI-USDT. Link to Snapshot
  • QIP 022 resulted in 2 Qi pairs being incentivized on QuickSwap; QI-ETH and QI-MATIC. Link to Snapshot

Product enhancement:

  • Announced partnership with Allbridge to bridge MAI over to Solana
  • Balancer Fireside Chat with CEO and founder
  • Collateral Vaults queued to launch: Sushi — we’re waiting for Sushi to increase xSushi liquidity on Polygon, as they would prefer we use xSushi over Sushi

Upcoming Activities

Things in the works

  • Improvements to app site UI
  • Vault incentives
  • Paid marketing ads
  • Collateral QIP
  • Marketing campaign
  • AscendEX listing

Most Recent Fireside Chats

You can find them all on our YouTube channel

Community growth

  • Lao Zi Twitter: 4,649 followers (0.8% increase)
  • QiDao Protocol Twitter: 1,900 Followers (8.25% increase)
  • Telegram: 1,538 members (increase 1%)
  • Discord: 3,538 members (increase 5.25%)
  • Youtube: 294 subscribers (increase 0.7%)

Community shoutouts

  • Royalaid for completing the bounty to include Adamant, Pickle and Beefy Qi in Qi Powah

Asks for the the community

Marketing: help where you can by sharing and liking content & tweets. Feel free to share marketing ideas on our community suggestions channel on Discord.

Vote — There are some exciting QIPs coming your way. You can boost you Qi Powah and earn protocol fees at https://app.mai.finance/boost

Partnerships — If you think of partnerships that can help with the following please suggest them or introduce us:

  • Increase use cases of MAI
  • Help MAI peg
  • Increase protocol value
  • Increase community growth
  • Fireside chat guests

Checkout our outstanding bounties for being awarded Qi on Discord

Retweet and tag us on Twitter.

Learn more about QiDao and get involved in the community