MIMATIC vaults
- This stablecoin does not have a price feed available at the moment and we are unable to display peg/depeg rates.
About QiDAO MAI
MAI (also known as miMATIC on Polygon) is a decentralised stablecoin issued by QiDAO across multiple chains. It is overcollateralised by various crypto assets with interest-free borrowing at a 0.5% repayment fee. MAI is one of the most widely deployed multi-chain stablecoins.
MAI is issued by QiDAO (pronounced "chee-dao"), a decentralised stablecoin protocol deployed across more than 15 blockchain networks.
Mechanism
- Overcollateralised CDPs — users deposit crypto assets into vaults and borrow MAI
- No interest rate; a 0.5% repayment fee is charged when the loan is closed
- Supported collateral includes WMATIC, WETH, WBTC, and many other assets depending on chain
- Minimum collateral ratios vary by collateral type (typically 130–150%)
Multi-chain deployment
Originally launched on Polygon as miMATIC, the token uses the symbol MAI on most chains.
Deployed on Polygon, Ethereum, Arbitrum, Optimism, Fantom, Avalanche, BNB Chain, Gnosis,
Metis, Moonbeam, and others.
Status
Active across multiple chains. The primary Polygon deployment at
0xa3Fa99A148fA48D14Ed51d610c367C61876997F1 remains the canonical contract.
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