January 3rd, 2024.

<aside> ❓ TL;DR: Several months ago, Fantom operations resulted in bad debt being generated, causing MAI to depeg on some chains. Not all chains are affected. QiDao contracts are in no way affected and continue to function normally. The chains that are affected are listed in this article.

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☑️ What has happened

❌ What has not happened

🧮 Fantom bad debt exposure

🏛 Current strategies approved by DAO

Other updates for MAI