MAI Finance Overview
- What is MAI Finance?
Mai Finance is a decentralized platform that operates under the QiDao Protocol, designed to allow users to mint stablecoins called MAI against the value of their cryptocurrency assets without selling them. This process is facilitated through the creation of vaults where users can deposit their crypto assets as collateral and borrow MAI stablecoins at 0% interest, aiming to maintain the stability and value of the stablecoin closely pegged to the US dollar.
- Main Features
- Decentralized Borrowing and LendingAllows borrowing stablecoins without selling crypto assets0% interest on borrowed stablecoinsSupports multiple chainsEnables users to keep their crypto and spend its value
Frequently asked questions
Yes, you can borrow stablecoins without selling your crypto assets using Mai Finance. This allows you to extract value from your priced assets while keeping your crypto holdings. Additionally, you can borrow stablecoins at 0% interest.
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