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QiDao is a leading lending and stablecoin protocol native to Polygon. Users can lock various tokens to mint MAI (Polygon official stablecoin), including yield-bearing tokens like Aave market tokens. This means you can deposit your tokens into Aave, generate yield, take your amTokens and use them to borrow with QiDao for 0% interest. We're a CDP stablecoin, similar to MakerDAO and Liquity, and are native to Polygon. Loans have 0% interest. Undercollateralized vaults are partially liquidated (similar mechanics to Aave). Anyone with our stablecoin can liquidate, on a first-come-first-served basis. The process is simple: create a QiDao vault, deposit your crypto assets, and start borrowing stablecoins against your collateral’s value. Polygons low gas fees means that anyone can use QiDao regardless of their wealth. Start Borrowing Today!
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