QiDao Weekly Updates — Week 27 (11/01–11/07/2021)

QiDao Protocol
2 min readNov 9, 2021


Recent Announcements

  • Find our weekly fundamentals review on our Medium
  • Launched in Avalanche
  • Collaterals launched: Beefy Scream LPs as collaterals for MAI on Fantom
  • Debt ceilings reached: camWETH (Polygon), WETH (Polygon), camwMATIC (Polygon), camDAI (Polygon), FTM (Fantom), yvWFTM (Fantom), mooScreamBTC (Fantom), mooScreamFTM (Fantom), mooScreamDAI (Fantom), mooScreamETH (Fantom) — Debt ceilings on Polygon are increased 48hrs after the debt ceilings are reached. The debt ceilings on Fantom and Avalanche will be increased in response to MAIs peg performance.
  • Snapshot votes we launched: We’ve launched a vote to decide on whether to engage in strategic partnerships through KPI options. Vote
  • Qi on other chains
  • The Hub launch
  • We’ve completed our second audit: Link
  • MAI and QI are now on Dharma
  • Zapper supports QiDao on Fantom
  • QiDao helped Fantom host a $1 Million hackathon
  • Amount of Qi staked 10,120,316
  • 9,305 addresses holding Qi


  • Harmony Launch — waiting on Chainlink integration
  • Moonriver Launch
  • Votes for collaterals: BIFI, JOE
  • Spooky and Trader Joe LPs as collateral.
  • Marketing support

Conversations in the works

  • Polygon grant for liquidity
  • Grant from NEAR
  • Partnership with Crypto Colosseum
  • Liquidity incentives
  • Cross chain partnerships with projects on Moonriver, Fantom, Avalanche, Arbitrum, Cronos, Solana etc.
  • Creating committees lead by community members
  • Margin lending with partner DEXs
  • Polygon hackathon bounty — “How might we use automation within Mai.finance to improve the user experience?” — Team building auto-repaying loans.

Most Recent Fireside Chats and AMAs

You can find them all on our fireside chats on YouTube channel

You can also listen to our fireside chats and AMAs on our podcast channel on Spotify

Community growth

  • Lao Zi Twitter: 5,265 followers (0,92% increase)
  • QiDao Protocol Twitter: 6,159 Followers (6,54% increase)
  • Telegram: 1,710 members (1.54% increase)
  • Discord: 5,313 members (2,23% increase)
  • Youtube: 316 subscribers (0,32% increase)

Asks for the the community

  • As we launch on other chains, help spread the word amongst your communities to try out our vaults.
  • Spread the word of our borrowing incentives. Share with communities to encourage them to use QiDao Vaults.
  • Engage in community discussions on Discord
  • Vote when we have QIPs out.
  • More important than ever are partnerships we can make on other chains — If you think of partnerships that can help please introduce us.

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