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QiDao Protocol and MAI Launch

1st May 2021

The QiDao Protocol and its native stablecoin, MAI, were launched on the Polygon network, allowing users to mint stablecoins against their crypto collateral at 0% interest.

MAI Reaches All-Time High

1st November 2021

MAI's price reached an all-time high of $1.79, a significant deviation from its $1 peg, reflecting a period of high market volatility and demand.

QiDao Protocol Exploit

1st February 2022

The QiDao Protocol experienced an exploit targeting its Superfluid vesting contract. While user funds in vaults were safe, the price of the QI governance token dropped significantly.

Severe De-Pegging Event

1st January 2026

MAI experienced a severe de-pegging event where its price fell to an all-time low of $0.04132 before subsequently recovering to its ~$1.00 peg.

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