MAI

miMatic

QiDAO's CDP-issued stablecoin, originally on Polygon — multi-chain across 20+ networks.

MAI is borrowed against deposited collateral at 0% interest with a one-time origination fee. Live on most major EVM L1s and L2s. Smaller market cap than the leading CDP stables but pioneered the multi-chain CDP-issuance model.

See on StableLens

/stablecoins/MAI — live data, risk grade, and methodology citation.

Related terms

CDP (collateralised debt position)A user-opened debt position backed by crypto collateral — the issuance mechanism for DAI, LUSD, GHO, crvUSD.
Over-collateralisationBacking debt with collateral worth more than the debt itself — the standard for permissionless CDP stablecoins.