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.

Website | Twitter|

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.

Website | Twitter |

Source

REQUEST AN ARTICLE

The post StellaSwap MAI Metapool Relaunch appeared first on Smart Liquidity Research.

KNC is a utility and governance token and an integral part of KyberSwap. QiDAO Supports Kyber Network, KNC holders can stake their KNC and vote on initiatives to receive trading fees generated on KyberSwap, along with other benefits.

New $KNC Vault on mai.finance

KNC being supported as a collateral asset on QiDAO adds another valuable utility for token holders! QiDAO allows you to keep your KNC and still be able to spend its value. You are able to borrow the MAI stablecoin with KNC without having to sell your crypto assets, and do so at 0% interest on Polygon!

How to use KNC on QiDAO and KyberSwap effectively

Here are 2 easy ways to use KNC on QiDAO and KyberSwap to maximize your yield on Polygon!

1. Maximum Yield Loop (MAI-KNC farm)

• On QiDAO, borrow MAI by depositing KNC as collateral
• On KyberSwap, add liquidity and farm more KNC on the MAI-KNC farm
• With your KNC yield, borrow more MAI, and repeat the process above
• When you borrow MAI using KNC, you may also get bonus QI token rewards (pending QiDAO vault incentive vote)!

2. Simple KNC Farming (MAI-USDC farm)

• On QiDAO, borrow MAI by depositing KNC as collateral
• On KyberSwap, with your borrowed MAI, add liquidity and farm more KNC on the MAI-USDC farm
• With your KNC yield, borrow more MAI, and repeat the process above
• When you borrow MAI using KNC, you also get bonus QI token rewards (pending QiDAO vault incentive vote)!

About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, flagship Decentralized Exchange (DEX) aggregator and liquidity platform, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

KyberSwap powers 100+ integrated projects and has facilitated over US$10 billion worth of transactions for thousands of users since its inception. Currently deployed across 13 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent and Optimism.

Website | Twitter

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. It is self-sustaining, community-governed, and decentralized. Loans are secured by always having more value locked than the amount of debt given out. Loans are paid out and repaid in MAI (a stablecoin soft pegged to the USD) and at all times, MAI stablecoins are fully backed by collateral. QiDAO already has $65M in TVL!

Website | Twitter

SOURCE:

https://medium.com/@kyberteam/55514240ace7

REQUEST AN ARTICLE

The post QiDAO Supports Kyber Network appeared first on Smart Liquidity Research.

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).

Website | Twitter

RESOURCES

Medium

REQUEST AN ARTICLE

The post Resonate Partnership with QiDao appeared first on Smart Liquidity Research.

Beefy Finance Advanced Strategy. For holders of DAI, WETH, and WBTC on Optimism, Beefy’s new earning strategy offers a new way to earn native rewards of your deposited token. By using QiDao protocol’s collateralized loans system and Velodrome’s incentivized liquidity pools, you can start earning highly-optimized WBTC, WETH, and DAI rewards with just one Vault.

How does the strategy work?

1. To begin, users deposit WBTC, WETH, or DAI into one of Beefy’s Aave Vaults on Optimism. This provides the user with mooTokens.
2. The mooTokens are then leveraged using QiDAO to take out MAI loans with 0% interest (and also providing QI earnings when leveraging WETH).
3. MAI is deposited on Velodrome in USDC, LUSD, and agEUR liquidity pools.
4. These LP tokens are then autocompounded in Beefy Vaults.
5. The total rewards are then converted back into the originally deposited asset (WBTC, WETH, or DAI).

Note that the initial debt ceilings for the MAI vaults are set at:

• WBTC- 100,001
• WETH- 100,001
• DAI – 50,001

What is a mooToken?

If you interacted with Beefy before, you would have noticed that after you deposited in any Beefy vault, you received in exchange a new token with the prefix “moo” that represents your share in the vault.

For example, if you deposit BNB into the BNB Vault, you’ll receive mooBNB tokens that represent your share of the vault. The amount won’t match 1:1, but you’ll always get back your original deposit plus any interest earned.

Beefy always recommends not selling your mooTokens on unsupported platforms, because most of the time this will result in a loss of funds. However lately more and more Dapps are giving utility to mooTokens and the ability to use them as collateral or leverage. This means that you can deposit your mooTokens in other projects like QiDao.

About QiDao

QiDao lets you hold onto your crypto while also allowing you to spend its extracted value. By staking your crypto, you can borrow the MAI stablecoin at 0% interest, with each token pegged to the dollar. Your crypto simply acts as the collateral.

To mint MAI, users deposit their tokens into a specific MAI vault for their cryptocurrency on the Polygon, Fantom, & more. MAI overcollateralized, meaning that you will only receive stablecoins at around two-thirds of the value of your crypto deposit.

About Velodrome

Velodrome an AMM on Optimism designed to provide deep liquidity and low fee/slippage trades. The protocol improve fork of the Solidly Exchange launched by Yearn founder Andre Cronje & has seen a large following & volume staked since its launch.

About Beefy Finance

Beefy Finance is a Decentralized, Multi-Chain Yield Optimizer platform that allows its users to earn compound interest on their crypto holdings.

Through a set of investment strategies secured and enforced by smart contracts. The Beefy Finance automatically maximizes the user rewards from various LPs. The ‌Automated market making (AMM) projects,‌ ‌and‌ ‌other yield‌ farming ‌opportunities in the DeFi ecosystem.

Website | Twitter |

Source

REQUEST AN ARTICLE

The post Beefy Finance Advanced Strategy appeared first on Smart Liquidity Research.

QiDao integrated Chainlink Price Feeds to help secure collateral calculations with reliable and tamper-proof market data.

The QiDao Needs Secure Price Data to Help Secure Its Multi-Chain Borrowing Protocol

• QiDao needed high-quality price oracles to secure its loans.
• To maintain its competitive advantage, QiDao needed a ready-made multi-chain oracle solution for its wide range of supported collateral assets.
• Many existing oracle solutions are subject to single points of failure, exposing protocols to a wide variety of potential risks and exploits.

Stablecoins are a fundamental building block in the crypto asset economy, whether they’re used for payments or as collateral in DeFi. QiDao a stablecoin protocol allows users to unlock their liquidity & mint the stablecoin MAI by depositing collateral assets into an overcollateralized vault. QiDao supports a wide range of tokens as collateral—including interest-bearing assets—and the protocol charges no interest for borrowing.

To support its overcollateralized stablecoin, QiDao needed highly secure market data to help open, close, and liquidate loans on the platform. To help ensure that the assets in its vaults are price according to reliable and tamper-proof market data. In addition, robust price oracle infrastructure helps ensure that every MAI stablecoin is back by at least $1 of value.

The QiDao Integrated Chainlink Price Feeds To Support Tamper-Proof Borrowing Operations

After considering a number of oracle solutions, QiDao decided to integrate Chainlink Price Feeds to help ensure protocol solvency and make the system more resilient against manipulation attacks and outlier events.

The Chainlink the most time-tested decentralized oracle solution in the smart contract economy. Backed by high-quality data, secure node operators, and a robust reputation framework. Price Feeds already help secure tens of billions of dollars of value in the DeFi ecosystem across 12+ blockchain networks and hundreds of Web3 applications. With their unparalleled standard of data quality and oracle infrastructure security. The Chainlink provide highly accurate & secure price data directly to QiDao’s smart contracts, helping the stablecoin protocol better manage risk.

The QiDao Can Continue To Expand Across the Multi-Chain Ecosystem While Seamlessly Integrating New Collateral Assets

With Chainlink’s time-tested infrastructure supporting its loans. QiDao able to maintain rapid pace of expansion across the multi-chain ecosystem & seamlessly add support for new collateral assets. The Chainlink Price Feeds also saved the QiDao team significant development resources. They were not required to design, build, & constantly maintain their own oracle network.

About QiDao 

The QiDao aims to lower the threshold to participate in decentralized finance by providing an easy-to-use multi-chain stablecoin protocol. The protocol enables the minting of MAI, a stablecoin soft-pegged to the US dollar. MAI relies on overcollateralized vaults, users can deposit on supported collateral to borrow the stablecoin with 0% interest.

Website | Twitter |

About Chainlink

The Chainlink the industry standard for building, accessing, & selling oracle services needed to power hybrid smart contracts on any blockchain. Oracle networks provide smart contracts with a way to reliably connect to any external API & leverage secure off-chain computations for enabling feature-rich applications. Currently secures tens of billions of dollars across DeFi, insurance, gaming, major industries, & offers global enterprises & leading data providers a universal gateway to all blockchains.

Website | Twitter |

Source

The post QiDao Integrated Chainlink Price Feeds appeared first on Smart Liquidity Research.