In summary, QiDao on @Ethereum maintains two types of vaults:

• Fixed Interest without repayment fee
• Yield-bearing with performance and repayment fees

These transparent borrowing costs benefit users, enabling the protocol to generate revenue and stabilize $MAI as per QIP209

🏷️ Fee Updates Overview:

Several fees have changed to achieve the ROI goal:

• Interest rates increased to 5% (removing repayment fee) for various collaterals
• Performance fees adjusted for select collaterals

Full list: vote.mai.finance/#/proposal/0xb…

🌐 L1 vs. L2 Considerations:

Given higher collateralization levels on Ethereum mainnet, performance fees on L1 loans don't need to be as high to achieve the 5% ROI threshold. Current weighted average CDR:

• cbETH: 308%
• wstETH: No open loans
• stETH Curve LPs: 450%

Ever think one day #stablecoins will be the only thing left in DeFi?

✅ $MAI - $USDbC : 62% APY
👉 app.beefy.com/vault/aerodrom…

Qi Dao Aerodrome @BuildOnBase Coinbase 🛡️📞 #BeefyOnBase

Aerodrome LP Rewards Update ✈️

• $MAI - $USDbC: ~54%
• $DOLA - $USDbC: ~51%
• $WETH - $USDbC: ~15%