StellaSwap MAI Metapool Relaunch. Metapool part of the Moonbeam Ignite campaign is launching tomorrow! The metapool will pair MAI token with the stable 4pool that include the largest stablecoins in the space: USDC.wh, USDt, BUSD.wh and FRAX.

MAI has been an integral part of StellaSwap’s product ecosystem, allowing users to supercharge their DeFi yields by minting MAI stablecoin on the backs of their collaterals. This layer of DeFi innovation is important in spearheading ecosystem stickiness

Why a Metapool?

A metapool is a liquidity pool within a stable AMM, which represents a single correlated asset paired with the core basepool. Up until Nomad’s exploit, MAI was structured as a metapool. There’s a few reasons why this is the most optimal structure for MAI;

1️⃣ Stable metapool tend to attract higher TVL given the absence of impermanent loss

2️⃣ Greater TVL equates to lower slippage for MAI trading, which represents a core factor for increasing MAI minting caps

3️⃣ Under a stable AMM, slippage is far lower than a pool under a standard AMM. This means more capital efficiency and lower cost of trading for users

4️⃣ A metapool isolates idiosyncratic risks more effectively, thereby securing the overall ecosystem in the event of a black swan

Metapool Launch Details

Here’s the following details of the upcoming pool

• MAI Metapool: MAI — Base4pool (USDC,FRAX,USDT,BUSD)
• Daily Emissions: 1,500 Stella Per Day
• Launch Date: 3rd November | 15:00 UTC

Farm Retirement

In the continual pursuit of enhancing the protocol and ensure its sustainability, StellaSwap will retire several ‘unproductive’ farms in order to tighten emissions and maximize tokenholder value.

They will retire several ‘unproductive’ farms as well as interim farms (farms that were set-up post-Nomad) in order to tighten emissions and channel these savings into the newly-launched basepool. Additionally, the reconfiguration of these farms will also improve the trade routes on StellaSwap, ensuring that users will access the best prices with limited slippage, which refers to the difference between the expected price of a trade and the price at which the trade is executed.

The following farms will be retired once the basepool launches;

• MAI — GLMR
• ATOM — GLMR
• AVAX — GLMR
• MATIC — GLMR

It is also important to note that the above farms were part of the legacy farms that were conceived to attract capital inflows from other networks. Given our key focus towards rebuilding base liquidity, it is important for us to recalibrate especially if the farms are not getting the required traction.

About QuiDAO

QiDAO is an open source and non-custodial stable protocol for extracting value out of priced assets. Simply create a vault, deposit your crypto assets, and start borrowing stablecoins against your collateral’s value.

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About StellaSwap

StellaSwap the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects and engage in NFT trading all from a single unified platform.

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This means that if you become an LP, you will now have the option to lock your LPs for the term within an FNFT through Resonate and receive your payment upfront. This will result in a buyout paid to your wallet — funded by QiDao. You would retain the rights to your principal, locked within your own unique FNFT, while QiDao would gain ownership of your future yield through a separate interest-bearing FNFT.

So why is this useful?

There are a number of good reasons. Starts from the perspective of a Purchaser, whose profile is most likely to fit that of a protocol treasury, DAO, or enthusiastic long-term investor.

These benefits include:

• Align incentives: Offer upfront incentives to tame mercenary capital and create positive feedback loops. Leverage Resonate to lock in liquidity providers, creating benevolent cycles within your ecosystem, all while stabilizing levels of liquidity.
• Regenerate your treasury: Pay upfront to secure long-term income. Utilize Resonate to replenish your native token, or perform a synthetic swap and diversify your holdings.
• Reduce your emissions: Decrease your burn rate by paying out upfront. Incentivize lockups to offset your existing emissions schedule and reduce sell pressure.
• Leverage your stablecoin farming without liquidation risk: Multiply the earning power of your stables by utilizing the leased capital of Issuers.

What does QiDao do?

QiDao is a collateral-backed stablecoin protocol, now with a presence on over 20 chains. It is self-sustaining, community-governed, and decentralized. Loans are secured by always having more collateral than debt outstanding.

QiDao enables you to borrow stablecoins interest-free against your crypto assets. These loans are paid out and repaid in MAI stablecoins. These stables mint when a user locks up their tokens in a vault as collateral. For example, if a user locks up MATIC tokens, they can then mint MAI up to a certain collateral-to-debt ratio. Users can then use the soft dollar-pegged MAI tokens while maintaining ownership of the locked Matic tokens.

The process is simple: 

• Create a vault
• Deposit your crypto assets
• Start borrowing stablecoins against your collateral’s value

MAI can be use on most major DeFi platforms, such as Aave, Multichain, Curve, Balancer, and Uniswap. 

ABOUT Resonate

Resonate is a Yield Futures Protocol develope by Revest Finance and built on top of Revest’s Financial NFT (FNFT) technology.

ABOUT Revest

The Revest Protocol offers a revolutionary new use of NFTs as financial tools through the Financial Non-Fungible Token (FNFT). Individual and enterprise-level users can deposit any ERC-20 or ERC-721 into Revest’s interactive FNFTs and set custom unlocking conditions (time, value, or contract-based).

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