QiDao is a self-sustaining, community-governed protocol that allows you to borrow stablecoins interest-free against your crypto assets used as collateral. Loans are paid out and repaid in miTokens (stablecoin soft pegged to the USD).

MiTokens are created when a user locks up tokens in a vault as collateral. For example, if a user locks up Matic tokens, they can mint miMatic. Users can then use the soft dollar-pegged miMatic tokens while maintaining ownership of the locked Matic tokens.