👋Introduction
Last updated
Last updated
Maia is the yield powerhouse of Metis with its community rooted in this Ethereum L2. With a 100% fair launch via bonds Maia is a truly community owned token.
Maia aims to be a one stop shop for different financial instruments, a fully fledged trading hub with Hermes being the first piece of the puzzle. In order to sustainably bootstrap our surrounding ecosystem, Maia plans to keep on-boarding long term partnerships with protocols that ultimately add value to both our holders and partners.
$MAIA is a utility and governance token that drives the coordination mechanisms behind the whole Maian ecosystem. This allows us to decentralize the decision making process while at the same time entitling the token stakers of their share of the profits generated by the Maian Treasury. As a DAO we constantly push towards improving our decentralized governance structure and processes.
Maia leveraged OHM staking/bonding mechanism in it's initial distribution phase. The emissions are being distributed via rebase and capped in a yet undisclosed date and token supply marking a major difference in our tokenomics.
This is achieved by providing exposure to yield bearing tokens and a set of curated strategies. The first deployed strategy has been efficient liquidity provision and bribe collection in Hermes Protocol.
Each Maia token is backed by a basket of blue-chip revenue generating assets in its treasury (e.g. Maia-m.USDC LP tokens, WETH, Metis, Stablecoins and veHermes). This backing guarantees what’s the fair minimum valuation of each Maia token.
"During the 24 hours that the event lasted 2712 $MAIA were minted and locked for 10 days — until January 14th. Meanwhile, throughout this period, the main focus is treasury and liquidity growth in order to secure the sustainability of the project and its goals. To achieve this, an array of measures has been arranged starting by expanding reward incentives for bonders, as well as we have additional measures ready to deploy if need be."
The main benefit for stakers comes from treasury growth. The protocol mints new MAIA tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their $sMAIA balance, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers make a profit.
The main benefit for minters comes from price consistency. Minters commit a capital upfront and are promised a fixed return at a set point in time; that return is given in MAIA tokens and thus the minter's profit would depend on MAIA price when the minted MAIA matures. Taking this into consideration, minters benefit from a rising or static price for the MAIA token!
A group of partially doxxed friends who have been navigating crypto this last 5 years and have expertise in different fields ranging from smart contract and front end development, economics and marketing as well as a deep interest and understanding in the tokenomics, incentive systems and DeFi primitives behind Solidly, Curve and Olympus.
In the first stage only more involved DAO members and the core team had been running Maia but the community as a whole and their interests were probed and deeply taken into consideration.
We keep striving for decentralization, currently we have decentralized the decision making process via voting proposals powered by Snapshot.
You can visit our governance page here!
