What a week it has been! A lot of folks have been on edge due to ongoing macro factors, and how this has impacted Circle USDC’s solvency. We’ll briefly touch upon these events on this risk update, but look for a post-mortem to be published later in the week detailing these events and how they impacted MAI’s peg. With that said, MAI remains overcollateralized, and peg was quickly restored.

Another month, another risk management update. Time sure flies when you’re having fun! Let’s get right to some protocol metrics, vault updates, and what’s new at Mai Watch.

Welcome to the first edition of the Risk Management Update for 2023! Let’s get right to some protocol metrics, vault updates, and what’s new at the QiDao Risk Matrix.

Welcome to a new edition of the Risk Management Update! Let’s get right to some protocol metrics, vault updates, and what’s new at the QiDao Risk Matrix.

Risk management has always been at the core of how QiDao operates, but as the markets have become increasingly more volatile, the use of a risk management framework for any deFi protocol, particularly a stablecoin lending platform such as QiDao, has become essential to daily operations. Thanks in part to our strict adherence to this risk management policies, QiDao has seen continued growth in the bear market, while maintaining user funds and the protocol safe.

Welcome to the latest Risk Management update, brought to you by the Qi Dao Risk Management committee. It has been a very interesting couple of weeks in crypto, so let’s take a look at what’s new in this update.

With the recent passing of QIP 166: Add MAI-DAI Arrakis vaults as collateral for MAI, Qi Dao approved the addition of a MAI-DAI UniSwap V3 LP managed by the team at Arrakis as collateral for our stablecoin, MAI.

As Qi Dao has expanded its reach into an ever growing number of chains over the past several months, it has become imperative for the DAO to take risk management more seriously in order to better secure user and protocol funds. While we have worked on an extensive risk analysis framework directly influenced by Aave’s own risk matrix, we should now look to expand this risk analysis to encompass partnerships, liquidity providers, and as will be the focus of this article, cross-chain bridges.

A brief review of some of the Qi Dao Risk Committee suggestions for week 3 of October, 2022