CIP008 - Converting MAI (miMATIC) to MAI/USDC

Summary Earn fees by converting MAI to MAI/USDC. Another advantage is amassing a large amount of Qi in preparation for future "Qi Wars."

Proposal We intend to convert our treasury's stagnating MAI assets to MAI/USDC, which will provide us with passive income from transactions taking place through that pool (by increasing liquidity, we'll earn 0.25 percent of all trades on this pair proportional to our part of the pool. Fees are accrued in real time and can be claimed by withdrawing our liquidity). Because we're dealing with two stablecoins, this is quite risk-free. Another advantage of our protocol is the ability to accumulate Qi for governance purposes. Fantom is now consuming a significant amount of Qi. We, as a Polygon-native network, wish to show our support for Polygon and Qi (as we are also partners with them) by accumulating as many Qi tokens as possible for the impending "Qi Wars".

Vote The options will be:

• For - Convert MAI to MAI/USDC & engage on Qi accumulation
• Against - Do not convert MAI to MAI/USDC & do not engage on Qi accumulation