QiDao Weekly Updates — Week 30 (11/22–11/28/2021)
3 min readNov 29, 2021
Recent Announcements
- Find our weekly fundamentals review on our Medium.
- Debt ceilings policy updated, check it on our official docs.
- New Telegram announcements channel. Follow it at https://t.me/qidaonews.
- QIP approved to add mooBIFI as Collateral at 140% min CDR.
- Partnership with CryptoColosseum to bring the Future of Play to Earn to Polygon.
- QIDao has been approved for a grant to launch in the IoTeX network. Read more here.
- Creation of the Green Committee to make MAI a green stablecoin.
- Green Leverage Locker at Market seeded with 1M MAI following QIP039 results.
- New WIND-MAI LP at StormSwap on Cronos.
- AMA with Tidal Finance.
- Debt ceilings raised on: Fantom: mooScreamETH, mooScreamDAI, mooScreamWBTC, yvDAI, FTM. Polygon: camDAI, camWETH, camWMATIC, GHST, WBTC.
- QiDao’s Green Committee releases a vote to buy BCT. Vote here.
- MAI-CLAM (4,4) LP Bonds at OtterFinance.
- Amount of Qi staked: 10,900,000.
- 10700 addresses holding Qi
Points from last week
- MAI included in Crodex on Cronos. Get CRX farming CRO-MAI and MAI-USDC
- ETHAlend includes a new eVault, supply MAI-USDC and earn yields in QI and ETHA
- JulCard adds MAI to their VISA Card
- SpookySwap LPs added as collateral, use mooBooBTC-FTM and mooBooETH-FTM to borrow MAI
- POAPathon submissions concluded. Winners will be announced SoonTM.
- MAI’s first lending market on Fantom. Leverage MAI-USDC yield or lend MAI on Tarot Finance
- MAI joins Polygon’s Green Market. Borrow MAI against BCT and sKLIMA or lend out MAI to earn interest
- Voting to seed MAI into Market.xyz ‘s Green Leverage Locker.
- QIP approved to incentivize MAI and QI liquidity on Avalanche
- Farming live on Avalanche: QI-WAVAX and MAI-av3CRV
Upcoming:
- Harmony, Moonriver, Cronos, IoTeX Launch — waiting on Chainlink integration.
- TOMB and TOMB-FTM LP as collateral for MAI in market.xyz.
- TOMB-MAI LP pairs in different networks Polygon and Avalanche
- CeFi partnership announcing soon
- AMA with Vesq.
- AMA with Elk Finance and incentivized MAI-ELK pairs
- New liquidity pool being added on QuickswapDEX : HBAR-MAI
- NEAR Partnership
- QiDao Pro discussions starting in Discord — Borrowing for institutions and DAOs. The idea would be for hese partners to have access to higher debt ceilings for providing value to the protocol.
Conversations in the works:
- Market making for MAI — conversations with Jump
- Liquidity incentives to increase demand for MAI
- Cross chain partnerships with projects on Moonriver, Fantom, Avalanche, Arbitrum, Cronos, Solana etc.
- Creating committees lead by community members
- Building an QiDao automation unit to build automations that will improve the protocol
- SpiritSwap collaboration
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: 5,640 followers (1,81% increase)
- QiDao Protocol Twitter: 8,600 Followers (8,86% increase)
- Telegram: 1,755 members (0,46% increase)
- Discord: 5,850 members (0,72% increase)
- Youtube: 331 subscribers (1,22% increase)
Asks for the the community
- As we launch on other chains, help spread the word amongst your communities to try out our 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.
