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

QiDao Protocol
2 min readAug 31, 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







QiDao Protocol

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