What is MAITRIX Testnet and How Does It Work?
2025-02-25
Bittime - In a world increasingly dominated by artificial intelligence (AI), the need for stable financial solutions is increasing.
MAITRIX exists as a multi-currency stablecoin platform designed specifically for the AI ecosystem. By enabling AI projects to mint their own stablecoins backed by their native tokens, MAITRIX brings financial stability and broader utility to the AI sector.
Let's take a closer look at what the MAITRIX Testnet is that has just been launched in this article!
MAITRIX Testnet Launch and Adoption
On February 17, MAITRIX launched its testnet, introducing AUSD and enabling minting and staking. Within a week, the platform attracted more than 130,000 signups and achieved a Total Value Locked (TVL) of $1.28 million.
MAITRIX is backed by leading investors, including Dragonfly, Sfermion, DCG, IVC, and Shima Capital. The platform is also on RootData's list of most popular projects for its innovation and popularity.
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What is MAITRIX?
MAITRIX is an innovative multi-currency stablecoin platform that powers the future of AI. The platform allows users to mint Intelligent Stablecoins, referred to as “AI USDs,” using AI tokens.
This ecosystem allows users to mint, burn, and stake AI USDs with supported AI tokens, providing financial stability and utility in an AI-based economy.
Benefits of AI USDs
Stable Exchange Media
AI USDs offer a stable and reliable currency in the AI ecosystem, protecting users from the volatility of native AI tokens. This ensures smooth financial operations, from payroll to daily transactions.
Protection from Volatility
Market downturns often reduce project funding, threatening long-term sustainability. AI USDs provide protection against these financial challenges, ensuring stable funding in the long term.
Value Retention
Instead of selling native tokens to access funds, projects can use AI USDs to maintain token prices, maintain community trust, and continue operational funding and growth.
Foundation for DeFAI
As a key component of Decentralized Finance for AI (DeFAI), AI USDs facilitate integration into emerging DeFi protocols in the MAITRIX ecosystem, opening up new financial opportunities for AI projects and their communities.
AI USD Stability Mechanism
- Print and Burn Balance – Ensure that the reserve value exceeds the AI USDs in circulation.
- Collateralized Debt Position (CDP) – Over-collateralization of AI USDs to maintain stability.
Potential Uses of AI USDs
- Mining Liquidity – Earn rewards through providing liquidity on DEX.
- Borrowing – Using AI USDs as collateral in lending protocols.
- Treasury Management – Hedges volatility risks for DAOs and AI projects.
- AI Agent Trading – Facilitates automated smart contract based transactions.
- Computational Payments – Supports decentralized GPU transactions.
- AI Subscription Model – Enables a stable payment model for AI services.
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Aethir USD (AUSD) – The First AI Stablecoin
MAITRIX introduces Aethir USD (AUSD), the first AI stablecoin minted using the $ATH token. Each AUSD is pegged 1:1 to the US Dollar, ensuring price stability.
How to Print AUSD
- Visit the MAITRIX Platform – Access the printing portal on the official MAITRIX website.
- Connect Wallet – Connect a digital wallet and make sure it has $ATH tokens.
- Print AUSD – Deposit $ATH tokens, and the platform will print the equivalent amount of AUSD.
- Bet AUSD – Users can stake AUSD to get additional rewards.
Get Rewards: 20% APY and Red Pills
AUSD Staking Rewards
- 20% Annual Return – Daily distribution of staking rewards.
- Sustainable Supply Expansion – Controlled expansion ensures long-term stability.
- Redemption Fee – 0.5% fee to prevent short-term speculation.
- Lockout Period – 14 day disbursement period to maintain liquidity stability.
MAITRIX Red Pill Incentive System
- Exclusive Rewards Points – Non-transferable Red Pills encourage deeper engagement in the ecosystem.
- Daily Accumulation – Earned by staking AUSD and participating in platform activities.
- Future Governance – Red Pills will be converted into governance tokens after the launch of the MAITRIX token.
- Early Adopter Bonus – Temporary income multiplier for early stakers.
Upcoming MAITRIX Features
- Burning Function – Users will soon be able to burn AUSD to earn back $ATH tokens.
- Liquidity Aggregation – Users can earn trading fees by providing liquidity to the DEX.
- Dynamic Print and Burn Borders – The stability mechanism will regulate the supply of AUSD dynamically.
MAITRIX Core Functions and How MAITRIX Works
Stablecoin Launchpad
AI projects can create their own stablecoin token contracts backed by their native tokens.
Stablecoin Hub
Users can mint, stake, and provide liquidity for AI USDs, expanding DeFi opportunities.
Conclusion
MAITRIX aims to revolutionize AI finance by providing a decentralized stablecoin solution tailored for AI projects.
The launch of the MAITRIX testnet marks a major step towards creating a powerful DeFi layer for decentralized AI. Join the community and take part in the evolution of AI finance today!
FAQ
What is MAITRIX, and what is its main purpose?
MAITRIX is a protocol that supports the creation of stablecoins with AI tokens. Its ultimate goal is to become a DeFi layer in the field of decentralized AI.
How does Aethir USD (AUSD) work, and what are the incentives for its users?
AUSD is the first AI stablecoin launched by MAITRIX, pegged 1:1 to the US dollar, and can be minted using ATH tokens. Users can stake AUSD to earn rewards, with annual returns of 20% distributed daily.
How to mint (minting) Aethir USD (AUSD) on MAITRIX Testnet?
To create AUSD, users need to visit the MAITRIX website, connect their digital wallet, and have the required $ATH tokens.
After that, they can select the amount of $ATH they want to deposit, and the platform will create an equivalent amount of AUSD based on the current dollar value of the deposit.
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Reference
ChainCatcher, MAITRIX: Launching the testnet, releasing the first yield-generating AI stablecoin | Early-stage project foc, accessed February 25, 2025
The MAITRIX, Introducing the MAITRIX Testnet – Now Live!, accessed on February 25, 2025
Dox.themaitrix, What is The MAITRIX?, accessed February 25, 2025
Author: SD
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