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Mai Finance is an open-source, non-custodial stable protocol built to turn value from priced assets into usable liquidity. It lets you keep your crypto while still accessing its value-so you can borrow stablecoins without selling your holdings, and borrow at 0% interest.
MAI is a collateral-backed stablecoin that can only be issued with matching collateral support. MAI is produced when users deposit accepted tokens (currently MATIC) into vaults as collateral, then take out a loan secured by that collateral. Users may also mint MAI through Anchor, where MAI is minted in return for accepted stablecoins. MAI is soft pegged to the USD, so 1 MAI is roughly equivalent to 1 USD.
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