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QiDao is a self-sustaining, community-governed protocol that allows you to borrow stablecoins interest-free against your crypto assets used as collateral. Loans are paid out and repaid in miTokens (stablecoin soft pegged to the USD).
MiTokens are created when a user locks up tokens in a vault as collateral. For example, if a user locks up Matic tokens, they can mint miMatic. Users can then use the soft dollar-pegged miMatic tokens while maintaining ownership of the locked Matic tokens.
The live QiDao price today is $0.000310 USD with a 24-hour trading volume of $29.94 USD. We update our QI to USD price in real-time. QiDao is down 3.40% in the last 24 hours. The current CoinMarketCap ranking is #7581, with a live market cap of not available. The circulating supply is not available and a max. supply of 200,000,000 QI coins.