Using Stablecoins in DeFi | QiDAO | Ben & Pablo

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

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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.

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Host: Justin Havins aka Crypto Texan

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