Introducing Maia DAO
Maia DAO is a decentralized finance (DeFi) yield powerhouse, dedicated to providing a comprehensive ecosystem for various native DeFi financial instruments. Launched fairly through bonds in January 2022 on the Metis Network, the $MAIA token is genuinely community-owned, fostering a robust trading hub.
Features
Maia Decentralized Strategy Vaults
Hermes Omnichain AMM and YLM (Yield and Liquidity Marketplace)
TALOS Transparent Automated Liquidity Omnichain Strategies
Ulysses Omnichain Liquidity Protocol
Concentrated Liquidity Automated Market Maker Uniswap V3 Maia Community AMM
Commonwealth Forum
Snapshot Governance
Audits: In progress
Documents
Medium Articles
Maia V1 Github
Maia V1 Docs
Maia V2 Github
Maia V2 Docs
Utility: The Role of $MAIA
Serving as both a utility and governance token, $MAIA, when locked as vMAIA, drives the coordination mechanisms within the Maian ecosystem. This approach facilitates decentralized decision-making and entitles token stakers to a portion of the profits generated by the Maia DAO Treasury.
As a DAO, Maia continuously strives to enhance its decentralized governance structure and processes. Leveraging OHM’s Staking & Bonding Mechanics during the initial distribution phase, emissions were distributed through rebases, capping the supply at 180,000 $MAIA. Moving forward, $MAIA will only be emitted through strategic bonds proposed via governance.
By offering exposure to yield-bearing tokens and a curated set of strategies, Maia optimizes liquidity provision and bribe collection within the Hermes Protocol. Each $MAIA token is backed by a basket of blue-chip and revenue-generating assets held in the treasury, such as ETH, stablecoins, and vote-escrowed Hermes or veHERMES (aka bHERMES). This backing ensures a fair minimum value for each $MAIA token.
With $MAIA, users can
- Stake their $MAIA into sMAIA
- Exercise voting rights to control a share of Maia DAO’s Voting Power
- Earn bribes based on their MAIA Voting Power
- Receive a portion of Maia’s Treasury Revenue
- Maximize returns from upcoming Maia Vaults
UniMaia clAMM
In conventional AMMs, liquidity providers must deposit equal quantities of two assets into a liquidity pool, such as ETH and DAI. However, concentrated liquidity AMMs enable providers to focus their liquidity within specific price ranges, resulting in higher trading fee earnings than traditional AMMs. This innovative solution addresses the liquidity fragmentation issue in conventional AMMs and allows users to achieve greater returns on their assets.
The introduction of a concentrated liquidity AMM on the Metis L2 Network offers several advantages. Primarily, it delivers a more efficient trading experience for users, attracting additional traders and liquidity providers to our network. As a result, our network’s liquidity will increase, leading to higher trading volume and revenue for our ecosystem. With the upcoming Aave deployment on Metis, we are well-positioned to capture a significant portion of on-chain liquidations.
Furthermore, the concentrated liquidity AMM on the Metis L2 Network creates new revenue sources for our ecosystem and its community members.
How does it work?
Utilizing Uniswap’s built-in protocol fee switch, our deployment allocates 10% of generated trading fees as follows:
- 3% to veHermes Lockers
- 3% to Maia Stakers
- 4% to Maia DAO Treasury
This distribution benefits all community members by generating and sharing revenue, enabling our DAO to remain competitive sustainably.
Conclusion
In summary, the concentrated liquidity AMM on the Metis L2 Network represents a transformative development for our ecosystem and community members. We are confident that this inventive product will draw more traders and liquidity providers to our network, boost liquidity, and establish new revenue sources for all participants. We appreciate your ongoing support and eagerly anticipate offering even more groundbreaking DeFi products (V2) in the future.
