Mai
MAI represents a stablecoin built on the Polygon network, maintaining a soft peg to the US dollar with a 1:1 ratio.
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What is Mai?
MAI (MIMATIC) is a stablecoin that operates on the Polygon blockchain, maintaining a 1:1 ratio with the US Dollar. It leverages QiDao, the pioneering non-custodial stablecoin issuing protocol on Polygon’s backend.
Through the Mai Finance platform, users have the ability to deposit different cryptocurrencies such as Polygon (MATIC), Fantom (FTM), and Ethereum (ETH) as collateral into their own vaults. These vaults are entirely self-managed and self-controlled, allowing users to receive MAI at a 0% interest rate.
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