“He who knows others is wise; he who knows himself is enlightened.” —  Lao Zi

<aside> 📖 TL;DR: Explore MAI with Confidence: This FAQ offers transparency and factual insights for both newcomers and experienced QiDao users to make informed decisions on the Polygon PoS deployment.

</aside>

1. What’s MAI?

• MAI is the largest decentralized stablecoin application on Polygon PoS. It allows users to mint stablecoins (MAI) against decentralized collaterals like ETH and ETH LSTs. There are numerous options for MAI loans, with most offering zero interest lending.

2. Is MAI on Polygon PoS Isolated?

• Yes. MAI on Polygon PoS is isolated on three levels:

1. On the users level: Vaults are isolated from each other. No one can borrow from other user collateral nor from different assets.
2. On the protocol level: QiDao is non-custodial. The protocol doesn’t have access to users funds which are always available to be redeemed.
3. On the chain level: Polygon PoS was once connected to other chains, but since Governance approval of QIP221: Eliminate All Bad Debt on Polygon PoS it’s fully isolated in compliance with QiDao’s Chain Risk parameters.

Snapshot

3. What’s the backing of MAI on Polygon PoS?

• MAI on Polygon PoS is native and backed only by Polygon PoS vaults. A complete breakdown of collateral deposited and total loans can be found on the protocol Transparency Dashboard.

QiDao

• QiDao has also onboarded Messari as a contributor to bring quarterly reports with all the necessary metrics.

  

  Collaterals accepted range from blue chips with fixed interest to yield bearing assets with performance + repayment fees.