IntroductionQiDao is a decentralized finance protocol that allows users to collateralize their cryptocurrency assets in order to borrow stablecoin. For example, a user with $100 worth of WETH can create a vault, deposit their WETH as collateral, and borrow miMatic (MAI), a stablecoin pegged to $1 on the QiDao protocol. This allows users to leverage their existing crypto assets to gain access to stablecoin without having to sell their underlying assets. With data provided by Covalent, in this ...