### What is Qi Dao?
Qi Dao is an overcollateralised stablecoin protocol that enables users to mint stablecoins by using their decentralised token collaterals. This process involves creating loans that are denominated in stablecoins.

### How does Qi Dao work?
Qi Dao functions on an overcollateralised system, which means users need to deposit crypto assets as collateral to mint its stablecoin, MAI. The protocol operates across multiple blockchain networks, utilising smart contracts to manage the lending, borrowing, and collateral management processes. It incorporates technologies like Chainlink to secure collateral calculations with reliable market data.

### What are the potential use cases for Qi Dao?
Potential use cases for Qi Dao include:
- Decentralised lending and borrowing without interest.
- Providing liquidity within the DeFi ecosystem.
- Utilising the MAI stablecoin in various trading platforms and decentralised exchanges for efficient trading.
- Collaborating with other DeFi projects to improve liquidity and ecosystem interoperability.

### What is the history of Qi Dao?
Qi Dao originated as a decentralised lending protocol, a fork of Maker, and has been primarily deployed on the Polygon network. It has achieved significant milestones, such as integrating with Chainlink, expanding its multi-chain support, and forming partnerships with projects like Frax and Lido to enhance interoperability and market presence. It is a community-governed protocol, ensuring decentralised decision-making through its governance token, Qi.

Qi Dao

Deposits and withdrawals are not currently available for this coin.

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