2/ QiDao is a stablecoin protocol that allows users to unlock their liquidity & mint the stablecoin $MAI by depositing collateral assets into a vault 🏦
✅The protocol needs secure market data to open, close, & liquidate loans as well as ensure vault assets are accurately priced
3/ Accurately calculating loan and vault values is one of the most important parts of ensuring protocol solvency no matter the market conditions
🔒To securely launch and expand QiDao, we needed the best price data feeds on the market
🔨We’ve been quietly building and now it’s time to show the results🔨
🔥QiDao V2 is here and introduces some brand new features 🔥
Here’s a quick twitter-thread to showcase some of those new features👇
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✨QiDao V2 will look & feel familiar for the users but allows for the protocol to manage risk better, improve community participation & maintain a strong $MAI peg
This means users will still have the normal #QiDao experience but with important improvements behind the scenes
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⚙️ First of all, we’ve completely rebuilt our liquidation engine.
We’ve seen how in market turmoil vault liquidations are of extreme importance and thus to keep ensuring $MAI ’s collateralization, we’ve made a new liquidation engine.
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