Audio from the July 5th, 2022 installment of “Polygon Alpha” with Ben & Pablo - Core Contributors to the QiDAO protocol.Polygon Alpha Shorts - https://tinyurl.com/PolygonAlphaShorts

YouTube - https://www.youtube.com/c/PolygonTV

Apple - Follow the show on Apple Podcast!

Spotify - Follow the show on Spotify!

RSS feed - https://api.substack.com/feed/podcast/863588.rss

Qi DAO

- Zero-interest crypto lending - making DeFi accessible for all

- Mai Finance is a way for you to keep your crypto and still be able to spend its value.

- That means you're able to borrow stablecoins without having to sell your crypto assets, and do so at 0% interest.

- The process is simple: create a vault, deposit your crypto assets, and start borrowing stablecoins against your collateral’s value.

- Mai Finance is a website that connects users to the QiDao Protocol, which is where the vaults are created and stablecoins are borrowed.

- QiDao aims to provide an easy-to-use DeFi protocol which lowers the threshold to participating in decentralized finance.

- QiDao wants to make the crypto-economy transparent, accessible, easy to understand, and inclusive for everyone around the world.

- QiDao will continue to develop features and services that gives users more freedom and control over their crypto than currently available.

- Stablecoins and lending are the building blocks for the decentralized financial services ecosystem.

- QiDao's hope is to make a stablecoin, MAI, that can help any crypto community member use their tokens as collateral, serving as a catalyst for DeFi innovation on Polygon.

- Mai Finance is the frontend / dashboard for the QiDao Protocol: it allows users to connect to the QiDao Protocol via a website.

- QiDao is a way for you to hold on to your crypto while still being able to spend its value. It allows you to borrow stablecoins (tokens pegged to $1) at 0% interest, without selling your crypto.

- QiDao is a community-run, community-governed protocol. Changes are made through proposals and voted on by holders of the governance token, Qi.

~~~~

Thank you so much for listening, if you’ve not subscribed to the channel please do!

Host: Justin Havins aka Crypto Texan

AV Engineer: Aaron Pettijohn

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit polygonalpha.substack.com