Mai Finance allows you to borrow stablecoins against your crypto assets at a 0% interest rate.
The process is incredibly easy: create a vault, deposit your crypto assets, and start borrowing stablecoins against your collateral’s value.
It takes about 5 minutes in total.
When you deposit your crypto assets, you can borrow MAI, the platform’s stablecoin backed by your locked collateral tokens.
MAI can only be made through locking collateral to back its value.
Collateral can be static tokens like LINK and CRV, or interest-bearing tokens like yvDAI.
MAI is Polygon’s first native stablecoin protocol. However, you can also take out loans on the Fantom network.
MAI can also be deployed on Solana and Avalanche. Check out the current makeup of circulating MAI.