Mai Finance (MIMATIC) Live Price and charts Today

1 Mai Finance (MIMATIC) Price Today in USD is $0.901127

Mai Finance (MIMATIC) = $0.901127 USD

Mai Finance (MIMATIC) all-time high (ATH) is $3.4160 USD

The maximum supply of Mai Finance (MIMATIC) is Infinite

Mai Finance (MIMATIC) 24h volume is $27255.73 USD

Mai Finance (MIMATIC) Market Cap is $24.84 Million(s) USD

Mai Finance
$0.901127
+2.83%
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  • Rank #625
  • Market Cap 2.99% $24,838,651
  • 24H Spot Volume 380.32% $27,255.73
  • 24H Volume / Market Cap -
  • Circulating Supply 27,563,986.73
  • Total Supply 304,463,503
  • Max Supply ♾️
  • Fully Diluted Valuation ♾️
  • API ID mai-finance copy duigou
  • Project Start Date Mar, 2021
  • Contracts & Explorer(s) coin-img 0xa3F...997F1
    copy duigou
  • Websites Website
  • Links
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About MIMATIC Roadmap & Milestones
Decentralized collateral stable coin on multi-chain.

Mai Finance is a website that connects users to the QiDao Protocol, which is where the vaults are created and stablecoins are borrowed. QiDao is Polygon's first native stablecoin protocol. It is self-sustaining, community-governed, and decentralized. Loans are secured by always having more value locked than the amount of debt given out. Loans are paid out and repaid in MAI (a stablecoin soft pegged to the USD). Components of QiDao include the following

  • Overcollateralized vaults: MAI relies on collateral vaults to back its value. At all times, MAI stablecoins are fully backed by collateral.
  • Vault: Where users deposit their token collateral and borrow MAI. Vaults are user managed and controlled.
  • Decentralized and user-managed: MAI is built on market incentives and penalties. There is no centralized authority or algorithm controlling the protocol. Only users can control their funds.
  • Two tokens: MAI is the stable coin made by the QiDao Protocol and Qi is the protocol’s governance token.
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