Executive summary

Qi (token symbol QI) at contract address 0x6b1ccfcc54962bbee49e43e9b9fb78de52134444 on BNB Chain is the governance and fee-sharing token of the QiDao Protocol, also known as Mai Finance. QiDao is a decentralized, community-run protocol that lets users mint the MAI stablecoin (miMATIC) by depositing crypto collateral — with 0% interest and a one-time repayment fee. Originally launched on Polygon, QiDao operates across multiple chains, including BNB Chain.

Important: Do not confuse this Qi with the “QI” token from the BENQI protocol on Avalanche. The BNB Chain address above is specific to QiDao’s Qi token.

What is QiDao (Mai Finance)?

QiDao is a decentralized overcollateralized stablecoin protocol. “Overcollateralized” means you must deposit more value in collateral than the value of the stablecoin you borrow, which helps protect the system from volatility.

Key ideas:

• Mint MAI against approved collateral (e.g., WBNB, CAKE on BNB Chain) with 0% interest
• Pay a one-time repayment fee when closing the position and unlocking collateral
• Multi-chain by design, so MAI can be minted natively on supported networks

Learn more about MAI here: What is MAI?

Qi token utility on BNB Chain

Qi is the native token that powers QiDao’s governance and value sharing.

• Governance: Stake Qi to gain voting power on upgrades, collateral onboarding, fee parameters, and treasury usage. Qi may be staked/locked (e.g., as xQi/aveQI) to vote on proposals that shape protocol strategy.
• Fee sharing: Stakers can receive a portion of protocol revenue (e.g., repayment and deposit fees, and other module revenues) aligned with long-term participation.
• Incentives: Qi helps reward liquidity providers and users participating across supported chains.

Token quick facts:

• Symbol: QI
• BNB Chain address: 0x6b1ccfcc54962bbee49e43e9b9fb78de52134444
• Total supply: 200,000,000 QI (circulating supply is dynamic across chains)

Always verify the contract address before interacting with any token.

How MAI works in simple terms

• Deposit collateral into a vault on a supported chain
• Borrow MAI (soft-pegged to USD) against that collateral at 0% interest
• Maintain the required collateral ratio (commonly 110% or higher)
• Repay MAI plus a one-time fee to unlock your collateral

Because MAI is minted natively on each chain, users avoid many bridging risks and can use MAI where their assets already live.

QiDao on BNB Chain

QiDao’s BNB Chain deployment brings zero-interest MAI borrowing to one of the largest DeFi ecosystems. Historically supported collateral on BNB Chain has included assets like WBNB and CAKE, enabling BNB Chain users to:

• Open overcollateralized vaults
• Mint MAI for liquidity and strategies
• Stake Qi for governance and revenue sharing

QiDao is recognized among BNB Chain lending/borrowing projects by security-focused directories like CertiK.

Where to view and trade Qi (QI)

If you’re exploring QI liquidity and trades on BNB Chain, you can:

• Track and trade on GMGN.AI: https://gmgn.ai/bsc/token/fV1R5sZ5_0x6b1ccfcc54962bbee49e43e9b9fb78de52134444
• Swap on leading BNB Chain DEXs like PancakeSwap

Tip: Use analytics platforms to review liquidity depth, recent holders, and price action before trading.

Risks and best practices

• Collateral risk: Volatility can push a vault below its required collateral ratio, risking liquidation. Monitor positions closely.
• Smart contract risk: As with any DeFi protocol, code vulnerabilities may exist. Review audits and community reports.
• Naming confusion: Double-check that you are interacting with QiDao’s Qi on BNB Chain (address above), not BENQI’s QI on Avalanche.
• Fee changes: Governance can adjust fees and parameters over time. Keep an eye on proposals and votes.

Why Qi matters for builders and users

• Capital efficiency: 0% interest loans make MAI a flexible building block for DeFi strategies.
• Multi-chain reach: Native issuance on multiple networks unlocks localized use cases.
• Community-driven: Qi staking channels protocol influence and revenue to engaged participants.

Helpful links

• QiDao (Mai Finance): https://www.mai.finance/
• MAI overview: https://www.mai.finance/about
• BNB Chain: https://www.bnbchain.org/en
• BENQI (to avoid confusion): https://benqi.fi/
• CertiK project listings: https://www.certik.com/

In short, Qi on BNB Chain is the governance and value-sharing token behind QiDao’s zero-interest stablecoin engine. If you’re using MAI or contributing to QiDao, understanding Qi’s staking, fee flows, and governance powers is essential.