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MIMATIC Price   

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MIMATIC

MAI  

#MIMATIC

MIMATIC Price:
$1.00
Volume:
$29.5 K
All Time High:
$1.37
Market Cap:
$0.2 B


Circulating Supply:
175,807,992
Exchanges:
9
Total Supply:
222,052,890
Markets:
15
Max Supply:
Pairs:
11



  MIMATIC PRICE


The price of #MIMATIC today is $1.00 USD.

The lowest MIMATIC price for this period was $0, the highest was $0.997, and the exact current price of one MIMATIC crypto coin is $0.99734.

The all-time high MIMATIC coin price was $1.37.

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


  MIMATIC OVERVIEW


The code for MAI is #MIMATIC.

MAI is 1.3 years old.


  MIMATIC MARKET CAP


The current market capitalization for MAI is $175,340,519.

MAI is ranked #160 out of all coins, by market cap (and other factors).


  MIMATIC VOLUME


There is a modest volume of trading today on #MIMATIC.

Today's 24-hour trading volume across all exchanges for MAI is $29,537.


  MIMATIC SUPPLY


The circulating supply of MIMATIC is 175,807,992 coins, which is 79% of the total coin supply.


  MIMATIC BLOCKCHAIN


MIMATIC is a token on the Polygon PoS blockchain, and has digital contracts with 21 other blockchains.

See list of the MIMATIC Blockchain contracts with 22 different blockchains.


  MIMATIC EXCHANGES


MIMATIC is available on several crypto currency exchanges.

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


  MIMATIC RESOURCES


Websitewww.mai.finance
Whitepaperdocs.mai.finance
Twitter0xLaoZi
TelegramQiDaoProtocol
DiscordKFj4cVfbQu
Medium0xlaozi


  MIMATIC DEVELOPER NEWS



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 mai.finance 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...




QiDao Fundamentals Review: May (Week 52 to 55)

Summary Metrics Revenue Week-to-week revenue Repayment revenue breakdown Total Value Locked Note: TVL figures as of June 6th, 2022. QiDao Fundamentals Review: May (Week 52 to 55) 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: Week 51

Note: all figures as of Sunday (04/24). Week Highlights19,552 addresses holding Qi69,624,399 Qi in circulation46,125,471 Qi staked for an average of 2.80 years66% of circulating Qi has been locked by usersWeekly revenue: $661,574 Table of contentsSummary MetricsTotal Value Locked BreakdownQi Staking OverviewRevenue BreakdownPrices UpdateTokens locked Summary Metrics Total Value Locked Breakdown Total value locked for the QiDao Protocol encompasses collateral tokens used to mint MAI as well as Aave market tokens being compounded on the Yield page. Total TVL based on Sunday’s prices Qi Staking (eQi) Overview When you stake Qi you will receive eQi (escrow Qi). eQi is calculated based on the amount of Qi a user locks up and the duration they choose to lock it for. Locking Qi will increase your Qi Powah (voting power) by the amount of eQi you gain. It will also enable you to receive part of the protocol’s revenue. Below are the revenue streams Qi stakers receive:100% gains from farming deposit fee revenue30% of repayment fee revenue30% of Anchor/Swap fee revenue Requirement to receive revenue distributions: Qi must be staked for at least a week on Sunday before the snapshot block. You can find the snapshot block on the boost page. That means that on Sunday (at the snapshot block), your Qi must be locked for a period longer than a week. You can stake Qi at https://app.mai.finance/boost Note: outstanding Qi was inc...




QiDao Fundamentals Review: Week 50

Note: all figures as of Sunday (04/10). Week Highlights19,465 addresses holding Qi68,920,281 Qi in circulation45,035,477 Qi staked for an average of 2.78 years65% of circulating Qi has been locked by usersWeekly revenue: $479,192 Table of contentsSummary MetricsTotal Value Locked BreakdownQi Staking OverviewRevenue BreakdownPrices UpdateTokens locked Summary Metrics Total Value Locked Breakdown Total value locked for the QiDao Protocol encompasses collateral tokens used to mint MAI as well as Aave market tokens being compounded on the Yield page. Total TVL based on Sunday’s prices Vault TVL based on 5-week average prices Qi Staking (eQi) Overview When you stake Qi you will receive eQi (escrow Qi). eQi is calculated based on the amount of Qi a user locks up and the duration they choose to lock it for. Locking Qi will increase your Qi Powah (voting power) by the amount of eQi you gain. It will also enable you to receive part of the protocol’s revenue. Below are the revenue streams Qi stakers receive:100% gains from farming deposit fee revenue30% of repayment fee revenue30% of Anchor/Swap fee revenue Requirement to receive revenue distributions: Qi must be staked for at least a week on Sunday before the snapshot block. You can find the snapshot block on the boost page. That means that on Sunday (at the snapshot block), your Qi must be locked for a period longer than a week. You can stake Qi at https://app.mai....




  MIMATIC NEWS


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



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