QiDao Analytics Team Receives Grant from Polygon Ecosystem DAO

Published on: 15.11.2021

QiDao is excited to announce that its Analytics committee has received a grant of $12,000 from Polygon Ecosystem DAO!

The grant, which will be distributed in milestones, will enable the committee to surface onchain data on QiDao and make it accessible to both investors and users. This will provide value in the form of data insights and analytics for users on Polygon.

The grant will support QiDao in two key areas: data engineering and in the construction of transaction analytics dashboards.

The grant will be distributed in two parts split the following way:

Part 1 — Data Engineering:

Vault data (transactions, collateral ratio, collateral deposited/borrowed data) ($2k)
LP data (transactions, deposits/withdraws into LP positions, incentives per pool) ($2k)

Part 2 — Dashboard construction:

Aggregate & Historical Protocol Level Data for vaults and LPs (x2 dashboards @ $2k each)
Individual user vault and LP position (x2 dashboards @ $2k each)

“We are pleased to have our Analytics committee receive this grant from the Polygon Ecosystem DAO. This grant will allow QiDao to build a world class data analytics platform that will set the standard for providing data analytics on Polygon as the ecosystem continues to grow. It is also an important step in the further decentralization of QiDao, as the Analytics committee is an autonomous group within the protocol..” — QiDao Team
“We are very proud to confirm the approval of a Polygon Ecosystem DAO grant to QiDao. High quality data and analytics are central to delivering rewarding DeFi experience to the members of our community and in growing our ecosystem. We are very confident that this support for QiDao will enable the committee to contribute actively towards our shared ambition of positioning Polygon and the Ecosystem DAO as the innovation hub for the industry”. — QiDao Analytics Committee

About Mai Finance and QiDao

QiDao is Polygon’s first native stablecoin protocol, which has subsequently spread to other chains. It is self-sustaining, community-governed, and decentralized. Its stablecoin, MAI, is secured by being overcollateralized, ensuring that there is always more value locked in the protocol than the worth of outstanding MAI.

Mai Finance is a frontend for the QiDao Protocol, which allows users to interact with the various products of the protocol.