risk managerGauntletgovernance.aave.com
↓Gauntlet January 2024 Aave Risk Updates
Deprecation phase 2 for MAI as part of the Aave V2 markets deprecation plan, reducing exposure to legacy assets with declining activity and liquidity.
Overview
MAI(MAI)
Token Price$0.97
24h Change+0.68%
All Time HighMay 29, 2021$1.35
All Time LowOct 30, 2023$0.66
Key Metrics
Market Cap$11.5m
Fully Diluted Valuation$294.75m
Circ. Supply11.8m MAI
Volume 24h$64,662
CEX Volume$0
DEX Volume$69,413
Risks
How much debt can be issued against MAI as collateral across lending protocols.
Maximum possible exposure to MAI
$184.49
$0 (max additional borrows against MAI) + $184.49 (bad debt if MAI was hacked now)
Aave V3
$184.49 at-risk exposure = $184.49 bad debt if hacked + $0 additional borrowable against MAI
Methodology and limitations
Showing collateral exposure for MAI on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
- These metrics describe lending exposure only and are not a full protocol risk rating.
- This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
- Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Show exposure details
Each row is one protocol-chain exposure for MAI as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
MAI0x3f56e0c36d275367b8c502090edf38289b3dea0d | $0 | $184.49 |
Risk Timeline
Risk-management actions published about MAI by tracked risk managers and governance contributors, newest first.
risk managerGauntletgovernance.aave.com
→Aave Resilient Through USDC Volatility
MAI markets were frozen on v3 Avalanche as part of the response to USDC's depeg, aiming to reduce insolvency risks from liquidations in the dislocated stablecoin environment triggered by bank exposure.
risk managerGauntletgovernance.aave.com
↓Interest Rate Curve Changes for Aave V3 Markets (Feb 2023)
MAI has a small $44M market cap and low liquidity, with utilization spikes on Avalanche often taking over 12 hours to resolve, plus high concentration risk from a single whale supplying 96% on Avalanche. Aligning its curve with DAI's safer parameters and raising the reserve factor reduces risks tied to its youth and illiquidity.
risk managerGauntletgovernance.aave.com
↓Gauntlet borrow and supply cap updates for Aave V3 on OP and AVAX
Conservative supply cap recommendations for MAI are below current levels to mitigate liquidity concentration risk and ensure sufficient on-chain liquidity for liquidations, given 96.2% on Optimism and 69.4% on Avalanche rely on local swaps.
risk managerGauntletgovernance.aave.com
↓Q4 2022 Aave Risk-Off Measures Recap
Amid illiquid asset risks highlighted by Mango and FTX, borrow caps were added on V3 AVAX to control borrowing and mitigate potential depegs or liquidity crunches.
risk managerGauntletgovernance.aave.com
↓Risk Parameter Updates for Aave V2 Polygon and Aave V3 AVAX
On Aave V3 AVAX, simulations show a borrow cap of 2,000,000 reduces the likelihood of high-risk attack vectors and market manipulation while allowing natural borrow demand.
risk managerLlama Riskllamarisk.com
↑QiDao MAI Risk Assessment for Curve Gauge
QiDao's MAI stablecoin is assessed as a robust, overcollateralized protocol with no critical audit findings and sufficient vaults overcollateralization, despite needs for better analytics and decentralization roadmap. Recommendation to approve Curve gauge addition to boost liquidity and trading volume without introducing undue risk to veCRV holders.
Token Usage
An is required to view token usage.
Yields
Showing 10 of 15 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabUSDC-MAI | $2.78m | 7.76% | 9.35% | ||||||
| open in new tabUSDC-MAIAerodrome | $1.47m | 7.26% | 8.80% | ||||||
| open in new tabUSDC-MAI | $327,559 | 8.81% | 8.81% | 10.27% | |||||
| open in new tabMAI-USDC.E | $299,710 | 1.15% | 1.10% | 0.05% | 1.51% | ||||
| open in new tabMAI-USDCECurve | $201,321 | 1.15% | 1.54% | ||||||
| open in new tabUSDC-DAI-MAI-USDT | $148,754 | 0.28% | 0.28% | 10.78% | |||||
| open in new tabMAI-FUSDT-USDC | $81,726 | 0.21% | 0.21% | 0.07% | |||||
| open in new tabDAI-MAI | $40,136 | 0.02% | 0.02% | 1280% | |||||
| open in new tabMAI-AM3CRV | $22,769 | 0.08% | 0.08% | 0.43% | |||||
| open in new tabUSDC-MAI | 🪂 | $13,718 | 0.54% | 0.54% | 0.54% |
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