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Record sog_st_mai
MAI/QiDAO MAI
Also recorded as MAI, QiDAO MAI, miMATIC, Mai Finance MAI
- Lifecycle
- Active
- Issuance
- Protocol-based
- Reference target
- US dollar
- Primary organization
- QiDAONo additional recorded relationship
- Launch
- 2021-05-02
- Redemption
- Protocol Based
- Backing
- Crypto-collateralized
- Stabilization
- Overcollateralized vault
- Last review
- 2026-06-24
- Evidence
- 6 source records
Reviewed assessment
Identity and current state
This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.QiDAO multi-chain overcollateralized stablecoin issued through crypto vaults and supported Peg Stability Modules.
| Name | QiDAO MAI |
|---|---|
| Symbol | MAI |
| Aliases | MAI, QiDAO MAI, miMATIC, Mai Finance MAI |
| Asset class | Stablecoin |
| Lifecycle status | Active |
| Issuance status | Protocol-based |
| Canonical record ID | sog_st_mai |
| Route slug | qidao-mai |
| Record confidence | High |
| Last reviewed | 2026-06-24 |
- Name
- QiDAO MAI
- Symbol
- MAI
- Aliases
- MAI, QiDAO MAI, miMATIC, Mai Finance MAI
- Asset class
- Stablecoin
- Lifecycle status
- Active
- Issuance status
- Protocol-based
- Canonical record ID
sog_st_mai- Route slug
qidao-mai- Record confidence
- High
- Last reviewed
- 2026-06-24
Record coverage
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 6 |
| Reserve reports | 1 |
| Reserve components | 1 |
| Model-history events | 1 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 3 |
| Events | 2 |
Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.
- Governance
- DAO Governed
- Primary display organization
- QiDAO
- Primary display role
- Protocol operator
- Display selection mode
- Deterministic Policy
- Current relationships
- 1
- Ended relationships
- 0
- Unknown relationship state
- 0
- Freeze capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Blacklist capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Deployment control-event references
- 2
- Observed issuer-control events
- 0
- Relationship coverage
- 1 recorded relationship
| Organization | Organization category | Regulatory character | Jurisdiction | Role | Display priority | From | Until | Relationship status |
|---|---|---|---|---|---|---|---|---|
| QiDAO | Protocol or software system | Protocol or decentralized system | Decentralized | Protocol operator | Primary display | Not yet recorded | Not yet recorded | Active relationship |
Protocol or software system
Primary displayQiDAO
- Functional role
- Protocol operator
- Relationship status
- Active relationship
- Regulatory character
- Protocol or decentralized system
- Jurisdiction
- Decentralized
- From
- Not recorded
- Until
- Not recorded
Mechanism
How the asset works
Reference, backing, stabilization, exit, valuation, and yield remain separate facts.- Reference target
- US dollar
- Reference kind
- Fiat
- Comparison category
- US dollar
- Target value
- Not yet recorded
- Reference methodology
- MAI targets one U.S. dollar through overcollateralized vaults and supported Peg Stability Modules.
- Public backing model
- Crypto-collateralized
- Canonical backing types
- Crypto Collateral, Stablecoin Collateral
- Reserve component categories
- Crypto Collateral
- Primary stabilization mechanism
- Overcollateralized vault
- Recorded model description
- Overcollateralized Crypto Vaults and Stablecoin PSM
- Redemption / exit model
- Protocol Based
- Valuation source
- Public information is incomplete
- Yield / rebase profile
- None recorded
- Classification notes
- One continuous identity is retained across the official miMATIC-to-MAI rebrand; chain-specific deployments remain explicit.
Reserve and redemption
Reserve and redemption
Recorded components, disclosures, reports, and redemption conditions remain explicit.Reserve components
- Overcollateralized crypto vaults and supported stablecoin PSM liquidityCrypto Collateral · No cross-chain aggregate collateral percentage is asserted.
| Disclosure status | Protocol Collateral and Contract Disclosures |
|---|---|
| Backing types | Crypto Collateral, Stablecoin Collateral |
| Summary | MAI is supported by overcollateralized crypto vaults and approved stablecoin Peg Stability Modules. |
| As of | 2026-06-22 |
| Profile confidence | High |
- Disclosure status
- Protocol Collateral and Contract Disclosures
- Backing types
- Crypto Collateral, Stablecoin Collateral
- Summary
- MAI is supported by overcollateralized crypto vaults and approved stablecoin Peg Stability Modules.
- As of
- 2026-06-22
- Profile confidence
- High
| Current status | Protocol Based |
|---|---|
| Settlement asset | Vault Collateral or Supported PSM Stablecoin |
| Eligible parties | Vault borrowers and users of supported Peg Stability Modules. |
| Retail access | Protocol Based Subject to Chain and Module |
| Institutional access | Protocol Based Subject to Chain and Module |
| Minimum amount | Protocol transaction dependent. |
| Fee | Vault, PSM, queue, and network terms apply. |
| Settlement time | Vault repayment may be immediate; PSM redemption may use a withdrawal delay. |
| Regional limits | Interface, chain, bridge, and module restrictions may apply. |
- Current status
- Protocol Based
- Settlement asset
- Vault Collateral or Supported PSM Stablecoin
- Eligible parties
- Vault borrowers and users of supported Peg Stability Modules.
- Retail access
- Protocol Based Subject to Chain and Module
- Institutional access
- Protocol Based Subject to Chain and Module
- Minimum amount
- Protocol transaction dependent.
- Fee
- Vault, PSM, queue, and network terms apply.
- Settlement time
- Vault repayment may be immediate; PSM redemption may use a withdrawal delay.
- Regional limits
- Interface, chain, bridge, and module restrictions may apply.
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| Not yet recorded | QiDAO | Protocol Vault and PSM Context | Crypto Collateral, Stablecoin Collateral | High |
QiDAO
Not yet recorded- Type
- Protocol Vault and PSM Context
- Assets covered
- Crypto Collateral, Stablecoin Collateral
- Record confidence
- High
Deployments and legal context
Deployments and legal context
Network state, contract identity, legal notices, and value states remain separate.| Network | Network record state | Standard | Public deployment category | Canonical deployment type | Operational state | Recorded status | Change or proposal state | Canonicality | Canonicality record state | Verification state | Contract identity state | Contract or identifier | Freeze | Blacklist | Control events | Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Polygon | Specific network recorded | ERC-20 | Protocol-native or protocol-supported deployment | Protocol Native Token | Active | Active | No separate change state recorded | Native deployment | Canonicality recorded | Identifier recorded; verification not recorded | Identifier recorded | 0xa3Fa99A148fA48D14Ed51d610c367C61876997F1 | Not yet recorded | Not yet recorded | 2 | Original Polygon MAI token, historically labeled miMATIC. The current official address registry continues to identify this Polygon address while listing additional chain representations. Cross-chain activity, bridge canonicality, and current fungibility remain separate review questions. |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
No regulatory notes have been added yet.
Evidence
Evidence
Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| QiDAO glossary Published Not yet recorded | QiDAO | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Identity, Mimatic Previous Name, Mai Current Name, Same Asset Continuity, Identity and Name Continuity | Archive index or wildcard | High |
| MAI detailed introduction Published Not yet recorded | QiDAO | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Vaults, Collateral, Debt, Repayment, Vault Model | Archive index or wildcard | High |
| MAI Peg Stability Module Published Not yet recorded | QiDAO | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | PSM, Mint, Queued Redemption, Fees, Withdrawal Delay, Stablecoin Mint and Redemption | Archive index or wildcard | High |
| MAI smart contract addresses Published Not yet recorded | QiDAO | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Polygon Native Token, Multichain Addresses, Vaults, Deployment Inventory, Current Multichain Token and Vault Addresses | Archive index or wildcard | High |
| Your Guide to Making Stablecoins on Polygon Published 2021-05-02 | QiDao Protocol | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Launch Date, Polygon, Vault Creation, Mai Borrowing, Mimatic Previous Name, Polygon Public Launch and Borrowing | Archive index or wildcard | High |
| Introducing QiDao V2 Published 2022-06-28 | QiDao Protocol | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | V1 May 2021, V2 Announcement, Liquidation Engine, Risk Management, Chain Specific Design, V1 Origin and V2 Architecture | Archive index or wildcard | High |
Known unknowns
Known unknowns and coverage
Missing or disputed facts remain visible instead of being converted into certainty.| Topic | What remains unclear | Value state | Priority | Last checked |
|---|---|---|---|---|
| Rename and V2 Activation Dates | The MAI public-availability launch is resolved to 2021-05-02. Official sources establish that MAI was previously called miMATIC and that V2 was introduced on 2022-06-28, but they do not establish one exact rename day or one exact V2 production activation transaction. | Unknown after review | Medium | 2026-06-24 |
| Current Multichain Deployment Inventory and Canonicality | The original Polygon MAI token address is normalized. Official documentation lists many additional chain addresses, but current activity, native versus bridged status, bridge operators, paused fungibility, and retired deployments are not yet a complete reviewed inventory. | Unknown after review | High | 2026-06-24 |
| Current Peg Issuance and Incident State | Current peg condition, issuance availability, and historical incident or bad-debt chronology are not fully normalized. | Unknown after review | High | 2026-06-22 |
Rename and V2 Activation Dates
The MAI public-availability launch is resolved to 2021-05-02. Official sources establish that MAI was previously called miMATIC and that V2 was introduced on 2022-06-28, but they do not establish one exact rename day or one exact V2 production activation transaction.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-24
Current Multichain Deployment Inventory and Canonicality
The original Polygon MAI token address is normalized. Official documentation lists many additional chain addresses, but current activity, native versus bridged status, bridge operators, paused fungibility, and retired deployments are not yet a complete reviewed inventory.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-06-24
Current Peg Issuance and Incident State
Current peg condition, issuance availability, and historical incident or bad-debt chronology are not fully normalized.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-06-22
Lifecycle
History
Current classification remains separate from dated changes and incidents.Model and lifecycle changes
- QiDao introduces its V2 architectureGovernance Change
| Date | Event | Category | Subtype | Status effect | Recovery |
|---|---|---|---|---|---|
| 2021-05-02 | QiDao publicly launches MAI borrowing on Polygon | Launch and introduction | Launch | Remained active | Not applicable |
| 2022-06-28 | QiDao introduces its V2 architecture | Governance and protocol change | Protocol Upgrade Announced | No lifecycle change | Not applicable |
Related records and corrections
Corrections and further reading
Open connected records, methodology, machine-readable data, or report a correction.- All stablecoinsCompare this record with the rest of the archive.
- QiDAODecentralized
- Event registry2 connected events recorded.
- MethodologyRead classification, evidence, and value-state rules.
- CorrectionsReport a source, relationship, or record problem.
- Data manifestInspect the machine-readable public layer.