Projects from the MetisDAO Ecosystem
This module comprises three of the main projects from the ecosystem: XCAD Network, Beefy Finance and Mai Finance, introducing their role in the ecosystem and their main features.
XCAD Network
The core features of XCAD, such as tokenization of viewer engagement, and content monetization for YouTube gain an additional layer of efficiency and marketability with the integration into the Metis network. The ability to trade XCAD on a fast, scalable platform like Metis enhances the token’s appeal and functionality, reflecting the practical benefits of this partnership.
Trading XCAD on Metis via Tethys Finance and participating in liquidity provision introduces Metis users to a new investment opportunity, aligning with Metis’ goals of expanding its ecosystem and providing diverse financial activities.
These features illustrate how technological collaborations can enhance token utility and market dynamics, essential for the growth of both networks.
Bridging and liquidity farming processes associated with XCAD on Metis exemplify the practical application of blockchain in facilitating cross-chain interactions. This functionality not only supports the XCAD economy but also strengthens the entire Metis network by increasing the volume of transactions and the engagement of users, showcasing a successful integration of complementary blockchain services.
Beefy Finance
Beefy Finance’s vision is to simplify the DeFi space for its users by automating complex yield farming strategies, which typically require constant monitoring and manual intervention. Beefy’s mission revolves around offering a user-friendly platform that maximizes returns while minimizing effort and risk.
The platform seeks to democratize access to DeFi investment strategies, making them available to a broader audience beyond just experienced cryptocurrency users. By providing these automated services, Beefy helps users navigate the often complex and volatile DeFi landscape more effectively.
Core Features of Beefy Finance
A key feature of Beefy Finance is its use of automated smart contracts known as vaults. These vaults perform a range of yield-optimizing functions, including auto-compounding returns. The vaults automatically reinvest harvested yields, which significantly boosts the overall annual percentage yield (APY) for the users.
Beefy also supports a wide range of liquidity pools and yield farming opportunities across multiple blockchains. This multi-chain functionality is enhanced by user-friendly interfaces and tools that help users track their investments and returns effectively.
Mai Finance
Mai Finance, also known as QiDao Protocol, is a decentralized finance protocol that allows users to mint MAI, a stablecoin pegged to the US dollar, using cryptocurrency as collateral. The platform operates with a focus on minimizing the risks associated with price fluctuations of the collateral assets. MAI provides a stable means of exchange and value storage within the cryptocurrency ecosystem, allowing users to engage in DeFi activities without selling their crypto assets.
Mai Finance aims to maintain the stability of its peg through careful management of its collateralized debt positions (CDPs). Users can lock their crypto assets in these CDPs to generate MAI, which they can then use for various financial transactions. The protocol ensures that all minted MAI is fully backed by collateral, providing a secure foundation for its stablecoin.
Highlights
- XCAD Network on Metis: Integration enhances efficiency and marketability, allowing trading on Metis via Tethys Finance which supports liquidity provision and expands investment opportunities.
- Technological Impact of XCAD and Metis Integration: Enhances token utility, increases transaction volume, and improves user engagement through blockchain technology that facilitates cross-chain interactions.
- Beefy Finance’s Automation: Utilizes automated vaults for yield optimization, significantly boosting APYs through auto-compounding and supporting diverse liquidity pools across multiple blockchains.
- Accessibility in DeFi via Beefy Finance: Simplifies complex DeFi operations, making yield farming accessible to a broader audience and reducing associated risks.
- Mai Finance Stability Features: Offers a stablecoin pegged to the USD through the QiDao Protocol, using cryptocurrencies as collateral to maintain stability and minimize price fluctuation risks.
Lição 1:Introduction to MetisDAO and Layer2 Solutions
Lição 2:Technical Infrastructure of MetisDAO
Lição 3:The MetisDAO Ecosystem and Its Applications
Lição 4:The DAC Framework in MetisDAO
Lição 5:Applications and Use Cases
Lição 6:METIS Tokenomics and Ecosystem Dynamics
Lição 7: Advanced Development on MetisDAO
Lição 8: Community, Governance, and Regulatory Aspects
Lição 9:Projects from the MetisDAO Ecosystem
Lição 10:Future of MetisDAO and Strategic Insights
Projects from the MetisDAO Ecosystem
This module comprises three of the main projects from the ecosystem: XCAD Network, Beefy Finance and Mai Finance, introducing their role in the ecosystem and their main features.
XCAD Network
The core features of XCAD, such as tokenization of viewer engagement, and content monetization for YouTube gain an additional layer of efficiency and marketability with the integration into the Metis network. The ability to trade XCAD on a fast, scalable platform like Metis enhances the token’s appeal and functionality, reflecting the practical benefits of this partnership.
Trading XCAD on Metis via Tethys Finance and participating in liquidity provision introduces Metis users to a new investment opportunity, aligning with Metis’ goals of expanding its ecosystem and providing diverse financial activities.
These features illustrate how technological collaborations can enhance token utility and market dynamics, essential for the growth of both networks.
Bridging and liquidity farming processes associated with XCAD on Metis exemplify the practical application of blockchain in facilitating cross-chain interactions. This functionality not only supports the XCAD economy but also strengthens the entire Metis network by increasing the volume of transactions and the engagement of users, showcasing a successful integration of complementary blockchain services.
Beefy Finance
Beefy Finance’s vision is to simplify the DeFi space for its users by automating complex yield farming strategies, which typically require constant monitoring and manual intervention. Beefy’s mission revolves around offering a user-friendly platform that maximizes returns while minimizing effort and risk.
The platform seeks to democratize access to DeFi investment strategies, making them available to a broader audience beyond just experienced cryptocurrency users. By providing these automated services, Beefy helps users navigate the often complex and volatile DeFi landscape more effectively.
Core Features of Beefy Finance
A key feature of Beefy Finance is its use of automated smart contracts known as vaults. These vaults perform a range of yield-optimizing functions, including auto-compounding returns. The vaults automatically reinvest harvested yields, which significantly boosts the overall annual percentage yield (APY) for the users.
Beefy also supports a wide range of liquidity pools and yield farming opportunities across multiple blockchains. This multi-chain functionality is enhanced by user-friendly interfaces and tools that help users track their investments and returns effectively.
Mai Finance
Mai Finance, also known as QiDao Protocol, is a decentralized finance protocol that allows users to mint MAI, a stablecoin pegged to the US dollar, using cryptocurrency as collateral. The platform operates with a focus on minimizing the risks associated with price fluctuations of the collateral assets. MAI provides a stable means of exchange and value storage within the cryptocurrency ecosystem, allowing users to engage in DeFi activities without selling their crypto assets.
Mai Finance aims to maintain the stability of its peg through careful management of its collateralized debt positions (CDPs). Users can lock their crypto assets in these CDPs to generate MAI, which they can then use for various financial transactions. The protocol ensures that all minted MAI is fully backed by collateral, providing a secure foundation for its stablecoin.
Highlights
- XCAD Network on Metis: Integration enhances efficiency and marketability, allowing trading on Metis via Tethys Finance which supports liquidity provision and expands investment opportunities.
- Technological Impact of XCAD and Metis Integration: Enhances token utility, increases transaction volume, and improves user engagement through blockchain technology that facilitates cross-chain interactions.
- Beefy Finance’s Automation: Utilizes automated vaults for yield optimization, significantly boosting APYs through auto-compounding and supporting diverse liquidity pools across multiple blockchains.
- Accessibility in DeFi via Beefy Finance: Simplifies complex DeFi operations, making yield farming accessible to a broader audience and reducing associated risks.
- Mai Finance Stability Features: Offers a stablecoin pegged to the USD through the QiDao Protocol, using cryptocurrencies as collateral to maintain stability and minimize price fluctuation risks.