Qi Dao has adopted the philosophy: “The journey of a thousand miles begins with one step”and has started their own journey on the Polygon Network. Many of us that have started this long and winding path with crypto can relate to Laozi teachings. Let’s take a deep dive in to Qi Dao and everything that it has to offer.
Qi Dao is a project I stumbled across a few months back while doing my daily scroll through dappradar.com. At the time it was ranked in the high 90’s out of the top projects. After spending a few seconds on their home page I knew that this project was massively undervalued (and still is in my opinion). Qi Dao is a lending protocol where users can deposit Matic (The native currency of Polygon) and borrow MAI (The stable coin of the ecosystem) against it with 0% interest. This is done by opening up a vault. Users will have the option to create a vault for their collateral type and will receive an NFT to represent their vault position. Now lets look at the stable coin of the platform; MAI.
Since it’s inception, MAI has some of the highest volume traded of all stable coins. This is massive because in order for a stable coin to hold it’s peg, the underlying assets must remain great stores of value. Even in turbulent times, MAI has held it’s peg unlike other stable coins introduced to Polygon. They have recently added multiple other currencies (WETH, AAVE, Link, CRV), and now users can add their already staked AAVE Market tokens as collateral.
QI is the native token of the protocol. However, QI isn’t just a governance token but it also gives users a chance to earn income passively. There are 2 ways currently to earn yield on your QI: farming and staking. Users can deposit their QI and MAI into a pool on Quickswap. Once this is done the tokens that represent your share of the pool can be staked on app.mai.finance and earn yield of upwards to 200%+ APY. Users can also choose to stake their QI. By staking your QI a user must “lock up” their tokens for a predetermined date. A boost to the APY is applied for any amount of time your QI is locked up. In addtion to this, users are gifted QiPowah. QiPowah is a boost to your voting power. This is a fair system because users that have locked up their tokens for any amount of time believe in the protocol and have chose to take them off the market(the voting page can be found here: snapshot.org/#/qidao.eth). Rewards of QI are distributed weekly to stakers. Early on users are receiving around 900 % APY for locking up their Qi!
Since I’ve come across this protocol I’ve come across great strategies to maximize my earning potential. I recommend utilizing smart contract insurance. Smart contract insurance insures against any exploits of a smart contract while your crypto is staked within it. At the moment there is no smart contract insurance for QI Dao but there is for AAVE. AAVE is another lending protocol that is doing very well but it is not native to Polygon. By heading over to https://armor.fi/, we can begin our strategy. Here we want to purchase insurance for the AAVE protocol. Once done we can bridge our crypto over to the polygon network from Ethereum if anything isn’t on the network currently. Once we have our assets bridged, we can deposit our assets in AAVE. In this example let’s say I have some DAI deposited for my AAVE postion. I will receive AAVE Market tokens amDAI to represent my postion. I can take those tokens and deposit them directly in to QI Dao. This was give me camDAI (collateralized aave market Dai) tokens that are currently earning 5% APY. To leverage your position even more, you can open up a camDAI vault and borrow against your position interest free. Once you have your MAI tokens you can head over to quickswap.exchange/#/swap and split them evenly between MAI and USDC (which is currently earning almost 30% APY). For the degens out there you can follow this process and either take your MAI and swap for QI to stake and earn 900% APY (which eventually will probably earn you your principle back) or pool to earn QI!
With all this great technology of the platform it is easy to see why this project is undervalued. The team does a weekly fireside chat with some of the best teams and devs DEFI has to offer. QI Dao has had guest from: Index Coop, Sushi, Polygon, AAVE, Balancer, and many more. QI will also be apart of Index Coop upcoming P10 asset index. All and all I think the teachings of Laozi has had a profound impact on this team! Stay tuned for more articles and strategies related to this project!
68 Comments
I like the valuable info you provide for your articles. I will bookmark your blog and test once more here frequently. I’m slightly sure I will be informed a lot of new stuff proper right here! Best of luck for the next!|
If you wish for to grow your knowledge just keep visiting this site and be updated with the newest news update posted here.|
It’s an remarkable post in support of all the internet visitors; they will obtain advantage from it I am sure.|
Hi there would you mind sharing which blog platform you’re working with? I’m planning to start my own blog in the near future but I’m having a tough time selecting between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something completely unique. P.S Sorry for being off-topic but I had to ask!|
Yesterday, while I was at work, my sister stole my apple ipad and tested to see if it can survive a 40 foot drop, just so she can be a youtube sensation. My apple ipad is now destroyed and she has 83 views. I know this is totally off topic but I had to share it with someone!|
Its like you read my mind! You seem to grasp so much about this, like you wrote the e book in it or something. I think that you simply can do with some percent to power the message home a bit, but other than that, that is wonderful blog. A fantastic read. I will certainly be back.|
continuously i used to read smaller articles which also clear their motive, and that is also happening with this post which I am reading now.|
}
Good post. I’m facing some of these issues as well..|
Hi! Do you use Twitter? I’d like to follow you if that would be okay. I’m undoubtedly enjoying your blog and look forward to new posts.|
Pretty section of content. I just stumbled upon your web site and in accession capital to assert that I get in fact enjoyed account your blog posts. Any way I’ll be subscribing to your feeds and even I achievement you access consistently quickly.|
Do you have a spam issue on this site; I also am a blogger, and I was curious about your situation; we have created some nice practices and we are looking to swap strategies with others, why not shoot me an email if interested.|
Thanks very nice blog!|
Very energetic post, I loved that a lot. Will there be a part 2?|
Thanks very interesting blog!|
WOW just what I was looking for. Came here by searching for keyword|
It’s a pity you don’t have a donate button! I’d definitely donate to this fantastic blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to brand new updates and will talk about this website with my Facebook group. Chat soon!|
Hi there, I desire to subscribe for this weblog to take hottest updates, therefore where can i do it please assist.|
If you want to take a good deal from this article then you have to apply such techniques to your won blog.|
Hey there I am so excited I found your blog, I really found you by error, while I was looking on Google for something else, Regardless I am here now and would just like to say thanks for a remarkable post and a all round entertaining blog (I also love the theme/design), I don’t have time to browse it all at the minute but I have book-marked it and also added in your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the excellent job.|
This post is in fact a good one it helps new web visitors, who are wishing for blogging.|
My brother recommended I may like this blog. He used to be entirely right. This submit actually made my day. You cann’t imagine simply how so much time I had spent for this information! Thanks!|
Hey! Do you use Twitter? I’d like to follow you if that would be ok. I’m absolutely enjoying your blog and look forward to new updates.|
Amazing! Its truly amazing paragraph, I have got much clear idea on the topic of from this piece of writing.|
Valuable information. Fortunate me I discovered your website by chance, and I’m shocked why this twist of fate did not took place earlier! I bookmarked it.
It’s very easy to find out any topic on net as compared to books, as I found this post at this web site.|
Having read this I thought it was extremely enlightening. I appreciate you spending some time and effort to put this information together. I once again find myself spending way too much time both reading and commenting. But so what, it was still worthwhile!|
Hi there are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you need any html coding expertise to make your own blog? Any help would be greatly appreciated!|
I really love your site.. Pleasant colors & theme. Did you build this amazing site yourself? Please reply back as I’m trying to create my very own site and would love to know where you got this from or just what the theme is named. Thanks!|
Normally I don’t read post on blogs, however I would like to say that this write-up very pressured me to take a look at and do so! Your writing taste has been surprised me. Thanks, very great post.
Just wish to say your article is as surprising. The clearness in your post is just great and i could assume you are an expert on this subject. Fine with your permission let me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please continue the gratifying work.|
Hello everyone, it’s my first go to see at this site, and post is genuinely fruitful for me, keep up posting these types of articles or reviews.|
I’d like to thank you for the efforts you’ve put in writing this website. I’m hoping to see the same high-grade content from you later on as well. In fact, your creative writing abilities has encouraged me to get my very own site now 😉
Hello there! I could have sworn I’ve been to your blog before but after looking at some of the posts I realized it’s new to me. Anyhow, I’m definitely happy I came across it and I’ll be bookmarking it and checking back regularly!|
}
I enjoy what you guys are usually up too. This sort of clever work and exposure! Keep up the superb works guys I’ve included you guys to my own blogroll.|
Hello my friend! I wish to say that this post is amazing, great written and include almost all important infos. I would like to peer extra posts like this .|
This is really interesting, You are an excessively skilled blogger. I have joined your feed and stay up for searching for more of your magnificent post. Additionally, I’ve shared your web site in my social networks|
Heya i am for the first time here. I came across this board and I find It really useful
You could certainly see your expertise within the work you write. The world hopes for more passionate writers like you who aren’t afraid to mention how they believe. Always follow your heart.|
Great post. I used to be checking continuously this weblog and I am impressed! Very helpful info specifically the remaining section 🙂 I care for such information much. I was seeking this particular information for a long time. Thanks and best of luck. |
Normally I do not learn post on blogs, however I wish to say that this write-up very forced me to take a look at and do so! Your writing style has been amazed me. Thanks, quite great article.
Thanks-a-mundo for the article. Great.
Can you tell us more about this? I’d want to find out some additional information.
Hi there superb website! Does running a blog such as this take a lot of work? I’ve absolutely no knowledge of coding however I had been hoping to start my own blog soon. Anyways, should you have any recommendations or tips for new blog owners please share. I understand this is off subject but I simply needed to ask. Appreciate it!|
I’m not sure where you are getting your info, but good topic. I needs to spend some time learning more or understanding more. Thanks for excellent info I was looking for this info for my mission.|
Hello would you mind stating which blog platform you’re using? I’m looking to start my own blog soon but I’m having a tough time selecting between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I’m looking for something unique. P.S My apologies for getting off-topic but I had to ask!|
Excellent, what a weblog it is! This webpage presents useful data to us, keep it up.|
Hello, I think your website might be having browser compatibility issues. When I look at your blog site in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, terrific blog!
This is my first time go to see at here and i am genuinely
impressed to read all at single place.
I truly love your site.. Great colors & theme.
Did you make this site yourself? Please reply back as I’m trying to create my own blog
and want to find out where you got this from or just what the theme
is called. Cheers! part time jobs hired in 30 minutes https://parttimejobshiredin30minutes.wildapricot.org/
Someone essentially help to make seriously articles I would
state. This is the very first time I frequented
your website page and so far? I amazed with the research you made
to create this particular put up incredible. Excellent job! sv (https://sex-gallery-muwf.Blogspot.com/)
Someone essentially help to make seriously articles I would state.
This is the very first time I frequented your website page
and so far? I amazed with the research you made to
create this particular put up incredible. Excellent job! sv (https://sex-gallery-muwf.Blogspot.com/)
If some one wishes to be updated with newest technologies therefore he must be go to see
this website and be up to date all the time. quest bars https://www.iherb.com/search?kw=quest%20bars quest bars
Greetings from Carolina! I’m bored at work so I decided
to check out your website on my iphone during lunch break.
I love the knowledge you provide here and can’t wait
to take a look when I get home. I’m amazed at how quick
your blog loaded on my cell phone .. I’m not even using WIFI,
just 3G .. Anyways, great blog! scoliosis surgery https://coub.com/stories/962966-scoliosis-surgery scoliosis surgery
I was curious if you ever considered changing the
page layout of your blog? Its very well written; I
love what youve got to say. But maybe you could a little more in the way of content so people could
connect with it better. Youve got an awful lot
of text for only having 1 or 2 images. Maybe you could space it
out better? ps4 https://tinyurl.com/45xtc52b ps4
Undeniably believe that which you stated. Your favorite
reason appeared to be on the web the simplest thing to be aware of.
I say to you, I definitely get annoyed while people consider worries that they plainly don’t know about.
You managed to hit the nail upon the top and defined out the whole thing without having side-effects , people could take a signal.
Will probably be back to get more. Thanks scoliosis surgery https://0401mm.tumblr.com/ scoliosis surgery
Thankfulness to my father who informed me on the topic of this web site, this website is truly amazing.
cheap flights http://1704milesapart.tumblr.com/ cheap flights
Please let me know if you’re looking for a author for your
blog. You have some really great posts and I believe I would
be a good asset. If you ever want to take some of the load off,
I’d love to write some articles for your blog in exchange for a link back
to mine. Please shoot me an email if interested. Many thanks!
quest bars http://bit.ly/3C2tkMR quest bars
I think that is among the so much vital info for me.
And i’m happy studying your article. But want to remark on few normal issues, The web site taste is wonderful, the articles is truly
excellent : D. Good task, cheers asmr https://app.gumroad.com/asmr2021/p/best-asmr-online asmr
Hello to all, how is all, I think every one is getting more from this web
site, and your views are good in support of new users.
I quite like reading through a post that will make people think.
Also, thank you for allowing me to comment!
WOW just what I was looking for. Came here by searching for where
I’ve been surfing on-line more than three hours nowadays, but I by no means found any fascinating article like
yours. It’s beautiful price sufficient for me. In my view, if all webmasters and bloggers made good content as you probably did, the web can be
a lot more useful than ever before.
Hello, just wanted to mention, I liked this post. It was funny.
Keep on posting!
Unquestionably believe that which you said. Your favorite reason seemed to be on the web the easiest thing
to be aware of. I say to you, I certainly get annoyed while people think about worries
that they plainly don’t know about. You managed to hit the nail upon the top as well as defined out the whole thing
without having side effect , people can take a signal.
Will likely be back to get more. Thanks
I couldn’t resist commenting. Well written!
This is a terrific deep dive!