Bidya logo
  Crypto Coin Prices and News  

MIMATIC Price   

Cap | Volume | High | Low | Old | New | Rare | Vs | Blockchains | Exchanges | Market | News | Dev News | Search | Watchlist



$179.3 K
All Time High:
Market Cap:
$0.1 B

Circulating Supply:
Total Supply:
Max Supply:


The price of #MIMATIC today is $0.98 USD.

The lowest MIMATIC price for this period was $0, the highest was $0.976, and the current live price for one MIMATIC coin is $0.97559.

The all-time high MIMATIC coin price was $3.10.

Use our custom price calculator to see the hypothetical price of MIMATIC with market cap of ETH or other crypto coins.


The code for MAI is #MIMATIC.

MAI is 3 years old.


The current market capitalization for MAI is $143,467,597.

MAI is ranked #291, by market cap (and other factors).


The trading volume is medium today for #MIMATIC.

Today's 24-hour trading volume across all exchanges for MAI is $179,326.


The circulating supply of MIMATIC is 147,056,554 coins, which is 69% of the total coin supply.


MIMATIC is a token on the Polygon PoS blockchain, and has digital contracts with 12 other blockchains.

See list of the MIMATIC Blockchain contracts with 13 different blockchains.


MIMATIC is integrated with many pairings with other cryptocurrencies and is listed on at least 17 crypto exchanges.

View #MIMATIC trading pairs and crypto exchanges that currently support #MIMATIC purchase.



QiDao & Frax: Boosting Liquidity and Lowering Costs for Stablecoin

As a leading stablecoin protocol in the DeFi space, QiDao has recently teamed up with Frax, to boost liquidity for its stablecoin, MAI, on the decentralized exchange Thena. This partnership is aimed at reducing liquidity costs and expanding available liquidity for both protocols. Thena is a decentralized exchange that runs on the BNB Chain, which has seen a surge in popularity since its launch earlier this year. To acknowledge the contributions of QiDao and Frax, Thena has awarded them with a veNFT. By leveraging the protocol’s veNFT voting power and collaborating with Frax, QiDao is looking forward to incentivizing more liquidity providers looking for good stablecoin yields to participate in the FRAX-MAI liquidity pool on Thena. To further attract emissions to the pool, both Frax and QiDao will be co-bribing the pair, boosting the APRs for veTHE voters and the ecosystem. As a result, the protocol aims to foster a deeper market for MAI on BNB Chain. This collaboration between QiDao and Frax is mutually beneficial for both protocols. By working together, they can attract more liquidity providers, which will increase the liquidity depth for both FRAX and MAI stablecoins, thereby lowering slippage and improving market efficiency. This, in turn, will also attract more traders to the Thena DEX, which will boost its trading volume and overall lower the cost of liquidity. Reducing liquidity costs is a critical factor for growth a...

QiDao Delegation Program

Empowering Communities: QiDao’s 1M eQI Delegation to UPenn Blockchain and DeFi LATAM QiDao team is delegating some of its own QI voting power to key communities in the space. The goal is to engage with new circles as well as increase the public dialogue about QiDao. The two communities we’re starting with are UPenn Blockchain and Defilatam. Both communities are incredibly active in the space and have knowledgeable members that will contribute to our DAO discourse. FranklinDAO (Prev. Penn Blockchain) Penn Blockchain, and its affiliated DAO (FranklinDAO), is a leading, completely student run blockchain DAO from The University of Pennsylvania for both undergraduate and graduate schools. The organization currently has over 70 members. FranklinDAO has committees covering Governance, Research, Education, Business Development, and Development/Web3. On the governance side of things, the team has different members leading governance initiatives for the protocols it has delegations for. Current delegations include Maker, Compound, Uniswap, DyDx, IndexCoop, etc. DeFi LATAM Defilatam is a community in South America that contains many influential latin american crypto builders, including members of MakerDAO, Optimism, WeLook, and other major projects. This community is also responsible for events like ETHLatam, which gather much of the South American crypto community. South America is undeniably a hub for crypto, mainly focused in A...

QiDao General Update — November

QiDao General Update — November - Table of Contents Recent Partnerships, Upcoming Partnerships, Tech Updates, Peg Performance, Revenue, Emissions, Upcoming Governance, Public Appearances, Recent Partnerships QuickSwap liquidity mining: MAI-USDC, MAI-DAI, MAI-USDT, MAI-MATIC, MAI-agEUR, MAI-WETH, and MAI-WBTC all receive dQUICK emissions on QuickSwap V3 now:, Angle MAI listing: Angle approved MAI as collateral for agEUR, their synthetic Euro stablecoin. Implementation is expected to happen this week:, KyberSwap liquidity mining: Kyber has started several farms for MAI on a few chains:, Stargate MAI listing: Stargate has approved MAI’s listing on their bridge on Polygon, Optimism, Arbitrum, Avalanche, BNB, and Ethereum:, MakerDAO MAI/DAI: MakerDAO’s growth committee has agreed to jointly market the launch of MAI/DAI vaults. These vaults are ready and tested. Rollout will occur when MAI’s peg is ready for such leverage pressure, Solidly on Ethereum: QiDao has been chosen as a launch partner and NFT recipient for Solidly on Ethereum. This will help increase MAI’s liquidity without increasing QI emissions, Upcoming Partnerships DeFiLatam: the team will delegate some voting power to DeFiLatam, one of the largest Latin American crypto communities. This group has already been exposing QiDao to the masses in South America. Adding them as a delegate to QiDao wi...

QiDao Integrates Chainlink Price Feeds on Ethereum To Help Secure Mai Finance Collateral…

QiDao Integrates Chainlink Price Feeds on Ethereum To Help Secure Mai Finance Collateral Calculations - We’re excited to announce that QiDao has integrated Chainlink Price Feeds on Ethereum mainnet into Mai Finance, a multi-chain stablecoin protocol. By integrating the decentralized oracle network, we now have access to industry-leading price data feeds that help support collateral value calculations on the Ethereum deployment of Mai Finance. We chose Chainlink because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans. QiDao aims to lower the barriers to participation in DeFi by providing an easy-to-use multi-chain stablecoin protocol. The protocol enables the minting of MAI, a stablecoin soft-pegged to the US dollar. MAI relies on overcollateralized vaults, where users can deposit a wide range of supported collateral to borrow the stablecoin with 0% interest. In order to help secure collateral calculations within our multi-chain borrowing protocol, we needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market prices should reflect a volume-weighted average f...

Ethereum, meet MAI!

A brief introduction to the MAI stablecoin. — 2022 has seen the rise and fall of stablecoins that purely relied on algorithmic mechanisms to sustain their pegs, privacy protocol users being censored by centralized stablecoins and OG decentralized stablecoins bouncing around ideas of a free floating peg to truly become censorship resistant. Many people have come to wonder just how “stable” are the stablecoins they are holding. With MAI coming to mainnet, QiDao wants to introduce the Ethereum community to a crosschain, overcollateralized, and decentralized stablecoin, backed by your favorite non centralised collaterals. Before we dive deep into what makes MAI unique, let’s catch everyone up on popular types of stablecoins to understand the landscape: Algorithmic Stablecoins (e.g. UST): Mint $1 worth of stablecoins by burning $1 worth of Asset X. Redeem $1 worth of Asset X in return for burning $1 worth of stablecoins. Supply and demand is used to keep value at $1 and is maintained through arbitrageurs finding profitable mint and burn exchanges when peg is not at $1. The risk with this type of stablecoins is that they often rely entirely on supply and demand to retain their peg. While this isn’t always a problem, black swan events or massive declines in the price of assets used to mint them can cause the stablecoin to lose peg, creating a death spiral with the stablecoin struggling to rebound to $1. Fiat Collater...

QiDao Fundamentals Review: August (Week 65 to 68)

Summary Metrics Revenue Week-to-week revenue Repayment revenue breakdown Treasury breakdown Notable Cash flows Sources 1. Repayment fees Repayment fees remained generally stable in August compared to July. Notable changes include a rise in repayment fees on Arbitrum and a decrease in repayment fees on Polygon. Vaults with BTC and DAI contributed most to repayment fees for August. 2. Deposit fees Deposit fees increased by around 10% month over month. This increase could be attributed to lower market APRs for MAI, as more users become comfortable with MAI as a stablecoin and more farmers switch to stablecoin pools. 3. Grants Metis has allocated $200,000 in incentives for borrowing MAI on Metis. These rewards have already gone live. Uses Distribution to eQI stakers, 50% of repayment fee revenue, 50% of interest fee revenue, All rewards collected by the DAO from farming QI-MATIC, Participation in proven liquidity mining programs, Grant executions Optimism: the DAO continues to bribe VELO holders for MAI liquidity incentives. MAI-USDC is now the most bribed pool on Velodrome., Both Liquity and Angle are using bribes collected from QiDao to bribe for the same pools., Metis: borrow incentives in $METIS have already gone live., Other treasury-related notes The DAO will bridge $800,000 in stablecoins to seed liquidity for MAI on Balancer Ethereum. This liquidity will also be used to farm for BAL and AURA tokens., Retai...

QiDao Fundamentals Review: July (Week 61 to 64)

Summary Metrics Revenue Week-to-week revenue Repayment revenue breakdown Treasury breakdown Notable Cash flows Inflows 1. Repayment fees Revenue from repayment fees has decreased compared to previous months. May and early June saw large amounts of repayment activity due to a worsening market climate. Collateral prices fared better in July, thus lowering repayment activity. 2. Deposit fees Fees from deposits into farms have remained at the same levels as in June. Demand for stablecoin farming is very strong. 3. Grants Grants have been received from Polygon, Optimism, Fantom, Lido, and Stader. Outflows and Uses 1. Distribution to eQI stakers 30% of repayment fee revenue, 50% of interest fee revenue, All rewards collected by the DAO from farming QI-MATIC, 2. Team payroll, community bounties, and marketing activities 3. Participation in proven liquidity mining programs Starting in August, QiDao will use some stablecoins earned from repayment fees to participate in liquidity mining programs to accumulate governance tokens. These governance tokens will then be used to vote for MAI pools. Grant Executions Optimism: 750,000 OP awarded by the Optimism DAO to promote building on top of QiDao, grow MAI liquidity, and incentivize MAI borrowing. The OP tokens have not yet been sent to the DAO, Lido: 15,000 LDO allocated to stMatic-MAI liquidity mining for 1 month by the Lido team. Future LDO allocations may be awar...

Monthly Token Liquidity Sheet — June

Token Liquidity Sheet — June Risk metrics for June, updated by QiDao community members. Monthly Token Liquidity Sheet — June was originally published in QiDao Fundamentals Review on Medium, where people are continuing the conversation by highlighting and responding to this story.

QiDao Fundamentals Review: June (Week 57 to 60)

Summary Metrics Revenue Week-to-week revenue Repayment revenue breakdown Total Value LockedNote: TVL figures as of June 30th, 2022.

Introducing QiDao V2

The QiDao Protocol’s first smart contracts were deployed to Polygon (then Matic) in May 2021, allowing users to mint stablecoins natively against MATIC. V1 then went on to become the first major stablecoin platform completely outside of Ethereum. While the early version of QiDao only supported MATIC as collateral, the protocol now accepts over 60 collaterals on 10 chains. MAI has also expanded its liquidity presence through canonical bridging, allowing MAI to be bridged to almost 20 chains while maintaining fungibility. QiDao V2 is an updated version of the QiDao Protocol that introduces new features and improvements to the protocol. The most notable changes include a new liquidation engine, improved risk management features, and chain-specific tailoring. These changes aim to improve the overall stability and security of the protocol while also giving users more control over their lending experience. A brief overview of the features that QiDao V2 introduces:New liquidation engine: allows for dynamic liquidations in response to a vault’s collateralization.Risk management improvements: creates a new process for approving and monitoring new vault types.Chain-specific tailoring: adapts vaults to meet the specific needs of each individual blockchain related to gas fees, onchain liquidity, and ecosystem maturity.Vault deprecation measures: adds new tools for the DAO to deprecate vault types.Multiple frontends: opens MAI mintin...


Mai Capital Predicts Tough Year for Crypto — Expects Bitcoin and Ether...

    Mai Capital Management's chief equity strategist and regional president, Chris Grisanti, has predicted that this year will be tough for crypto largely due to regulations. However, he expects established cryptocurrencies, such as bitcoin and ether, to 'do quite well' once regulations come into focus. Equity Strategist's Crypto Predictions Mai Capital Management's Chris Grisanti shared his outlook for the cryptocurrency market in an interview with CNBC Thursday. Grisanti, CFA, is chief equity strategist and regional president of Mai Capital Management, a wealth management firm that provides planning and investment advisory services. Noting that crypto is 'almost a victim of its own success,' Grisanti detailed: I think it's going to be a tougher year for crypto … There will be calls for regulation from all over the place - from China, from Europe, and here in the United States. Nonetheless, the equity strategist sees some cryptocurrencies coming out ahead. 'I do think there will be a great winnowing as well. I think the more established coins like bitcoin and ethereum will do quite well after regulations come into focus,' he described. The strategist elaborated: Once regulations are in place, institutional investors, I think, will get more comfortable treating bitcoin not like a currency but like gold, which is a hedge against inflation and other things. A recent survey by Nickel Digital Asset Management, a regulated European digital asset hedge fund manager, also shows ... read More

More MAI (#MIMATIC) News

MIMATIC vs JASMY | A-Z | Topics | ISO 20022

Privacy | Terms | Powered By LiveCoinWatch