QiDao Weekly Updates — Week 13 (7/26–8/1/2021)

QiDao Protocol
3 min readAug 3, 2021


Recent Announcements

Qi staked 2,742,687.671 (15% of circulating supply)

Vaults Launched (QIP 012): CRV

Vaults in the works: WBTC

Index Coop announced their plan for their Polygon 10 Index including Qi

5,311 addresses holding Qi

800,000 USDC buy back of Qi for the Qi staking farming rewards

ETH vault debt ceiling (500,000 MAI) reached. Now the debt ceiling is 1.5M MAI

Nacho, our Telegram mod, has been given more responsibilities:

  1. They will manage the Telegram and Discord servers
  2. Work with DC and TG mods to ensure that community questions are always answered
  3. Encourage user engagement with events and giveaways
  4. Schedule periodic Discord events with the team — Discord stages
  5. Ensure that scammers are promptly removed and ideally prevented
  6. Make a list of unique suggestions or topics that the QiDao team should consider taking a look at

BitMart voting competition started to get us listed on their exchange LINK

Upcoming Activities

  • Voting on QIP 014: Incentivize collateral vaults to borrow MAI
  • Voting on QIP 015: New collateral types
  • Vote on adding vault incentives

Protocol liquidity tracker

Things in the works

  • Updated Boost Page
  • Listing MAI on Curve
  • Transak integration
  • Adding new collaterals
  • UMA KPI proposal
  • Audit Proposal

Most Recent Fireside Chats

You can find them all on our YouTube channel

Community growth

  • Lao Zi Twitter: 4,423 followers
  • QiDao Protocol Twitter: 1,347 Followers
  • Telegram: 1,502 members
  • Discord: 3,343 members
  • Youtube: 264 subscribers

Community shoutouts

  • Nacho — activity on Telegram
  • Wraithers — activity on Discord

Asks for the the community

Vote — The next few weeks will be important in crafting the future of QiDao. We have enabled the Qi Powah boost to give you more voting power.

Help us get onto BitMart by following these steps

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

Check out available bounties in Discord

  • Articles
  • Videos

Retweet and tag us on Twitter.

Learn more about QiDao and get involved in the community