MAHA

MAHA (formerly MahaDAO) is a community-driven decentralized organization built around a stable economy, with an ecosystem made of two tokens: MAHA, the governance and utility token, and ZAI, a stablecoin oriented toward lending. MAHA holders vote on protocol parameters, risk models, collateral types, fee levels, and incentive allocation, and also take part in governing the safety pool and bad-debt resolution mechanisms.

ZAI maintains its price through a peg stability module and a collateral basket of several stable assets, and can be supplied directly to lending protocols for borrowing and leverage, so its design leans toward capital efficiency. The ecosystem also incorporates an AI-assisted mechanism called JeremyAI, which automatically directs emissions toward higher-yielding liquidity pools and publishes every incentive decision as an on-chain report for holders to vote on, removing the need for routine decisions to be settled case by case by hand.