# \[GF: Phase 1 Proposal\] Mai Finance (Qi Dao Protocol) - redundant **URL:** \ **Category:** Governance Fund: Phase 1\ **Created:** [July 1, 2022, 7:14pm UTC](https://gov.optimism.io/t/gf-phase-1-proposal-mai-finance-qi-dao-protocol-redundant/2854 "2022-07-01T19:14:58Z")\ **Posts on this page:** 1\ **Showing post:** 2
**Author:** ![Prometheus](https://avatars.discourse-cdn.com/v4/letter/p/df788c/32.png) [@Prometheus](https://gov.optimism.io/u/Prometheus)\ **Post date:** [July 16, 2022, 10:56am UTC](https://gov.optimism.io/t/gf-phase-1-proposal-mai-finance-qi-dao-protocol-redundant/2854/2 "2022-07-16T10:56:49Z")
Moved from [Governance Fund: Phase 0](https://gov.optimism.io/c/proposals/governance-fund-phase-0-proposals/39) to [Governance Fund: Phase 1](https://gov.optimism.io/c/proposals/governance-fund-phase-1-proposals/40). Related: > [@\[GF: Phase 1 Proposal\] Mai Finance (Qi Dao Protocol)](https://gov.optimism.io/t/gf-phase-1-proposal-mai-finance-qi-dao-protocol/2870): > > Project Name: Qi Dao Author Name: geekvine and benjamin Number of OP tokens to claim: 1,000,000 OP L2 Recipient Address: 0xB1a8D1D6Dc07ca0e1E78a0004aa0bB034Fa73d60 DefiLlama TVL on Optimism: $3.61M Proposal for token distribution: Distribute OP tokens to Qi Dao to grow the protocol on Optimism. Rationale: Qi Dao is a decentralized collateralized debt position stablecoin protocol where users can deposit tokens as collateral to issue MAI, the protocol’s decentralized stablecoin. It is the l… > [@\[READY\] \[GF: Phase 1 Proposal\] QiDao Protocol](https://gov.optimism.io/t/ready-gf-phase-1-proposal-qidao-protocol/2863): > > Project Name: Qi Dao Author Name: @geekvine and @benjaminqidao Number of OP tokens to claim: 750,000 OP L2 Recipient Address: 0xB1a8D1D6Dc07ca0e1E78a0004aa0bB034Fa73d60 DefiLlama TVL on Optimism: $3.61M Proposal for token distribution: Distribute OP tokens to QiDao to grow the protocol on Optimism. Rationale: QiDao is a decentralized collateralized debt position stablecoin protocol where users can deposit tokens as collateral to issue MAI, the protocol’s decentralized stablecoin. It is th… --- _[View the full topic](https://gov.optimism.io/t/gf-phase-1-proposal-mai-finance-qi-dao-protocol-redundant/2854)._