Details about Matic Aave Interest Bearing DAI cryptocurrency
Matic Aave Interest Bearing DAI
MADAI
1+ (click to see list)
€0
307,720
1
Unknown
https://polygon.technology/
@aavegotchi
Matic Aave Interest Bearing DAI price charts
MADAI exchanges
Matic Aave Interest Bearing DAI, the crypto
Matic Aave Interest Bearing DAI (MADAI) is a cryptocurrency token that represents the interest-bearing version of DAI stablecoin on the Polygon network. MADAI allows users to earn interest on their DAI holdings by depositing them into the Aave lending protocol on Polygon.
The point
The main point of MADAI is to provide users with a way to earn interest on their DAI holdings while taking advantage of the faster and cheaper transactions on the Polygon network.
The problem
MADAI tries to solve the problem of low yield on stablecoin holdings by allowing users to earn interest on their DAI while still holding a stable and pegged asset. Additionally, MADAI leverages the benefits of the Polygon network, such as faster transaction times and lower fees, to provide a more efficient and cost-effective way to earn yield on DAI.
Compare MADAI and BTC performance
| Timeframe | MADAI | BTC |
|---|---|---|
| 1h change | 0 % | -0.549765 % |
| 24h change | 0 % | -1.83904 % |
| 7 day change | 0 % | -5.42791 % |
| 14 day change | 0 % | -5.02398 % |
| 30 day change | 1 % | -3.47658 % |
| 200 day change | 8.14 % | 126.537 % |
| Year change | 14.54 % | 126.622 % |