Rank #20MAICrypto-Backed

MAI (MIMATIC)

Pegged to

USD

Market Cap

$40.00M

24h Volume

$2.00M

Circulating Supply

40.00M MAI

Total Supply

40.00M MAI

Peg Target

USD

Collateral Type

Crypto-Backed

Issuer

QiDAO

Launch Date

01-05-2021

About MAI (MIMATIC)

MAI (formerly MIMATIC) is a decentralised stablecoin from QiDAO that can be minted at 0% interest by depositing various collateral types including yield-bearing tokens, LP tokens, and native assets. QiDAO is notable for its multi-chain deployment spanning 7+ networks, making it one of the most widely available decentralised stablecoins. Users create vaults, deposit collateral, and borrow MAI against it. The protocol's zero-interest model with a 0.5% repayment fee structure is designed to be borrower-friendly.

Supported Blockchains

Polygon Ethereum Arbitrum Optimism Avalanche BNB Chain Fantom

Pros

Zero-interest borrowing
Available on most major chains
Wide range of accepted collateral
Borrower-friendly fee structure

Cons

Can trade below peg in low demand
Fragmented liquidity across chains
Small market cap per chain
Complex multi-chain governance

Key Features

0% interest borrowing

Multi-chain across 7+ networks

Diverse collateral types including LP tokens

Vault-based borrowing system

0.5% repayment fee only

Yield-bearing collateral support

Stablecoin Information

Community & Socials

Website Twitter / X Discord GitHub