QiDao is a decentralized finance protocol that allows users to mint MAI, a stablecoin, by collateralizing their crypto assets. MAI is designed to maintain a stable value close to the US dollar and can be created on the chain where it is used, enhancing security and utility within each ecosystem. QiDao operates with a governance system where changes are proposed and voted on by Qi token holders. The protocol offers users the ability to leverage their crypto holdings for loans or additional yields without selling their assets.