MAHA (maha.xyz)
About
MAHA (formerly MahaDAO) is a community-governed ecosystem on Base (and BSC) centered around two tokens: the MAHA governance/utility token and the ZAI lending-focused stablecoin. The protocol also operates Wagmie, a token-launch platform on BSC where creators can instantly deploy tokens that trade on PancakeSwap and Thena, with 100% of trading fees going to creators. An AI agent (JeremyAI) dynamically optimizes liquidity incentives and governance decisions on behalf of MAHA holders.
Where Does Yield Come From?
Yield in the MAHA ecosystem flows through a loop that connects people who provide liquidity and people who borrow. Here is how it works.
Where yield comes from:
- Borrowing fees — Users who borrow the ZAI stablecoin pay interest in ZAI.
- Redemption fees — A 1–3% fee is charged when someone exchanges ZAI back for the asset backing it.
- MAHA token emissions — Up to 1,000 MAHA tokens are released every two days. An AI agent (JeremyAI) decides which liquidity pools get these tokens, aiming for the highest return.
- DEX trading fees — When borrowers open or close positions, ZAI/USDC liquidity providers earn swap fees.
- Wagmie token trading fees — 100% of the trading fees from tokens launched on Wagmie go straight to the creators of those tokens.
How revenue is shared:
The protocol collects earnings, converts them into USDC, and splits them four ways:
- 60% to people who provide ZAI/USDC liquidity
- 20% to MAKA token stakers
- 10% to the Safety Pool (sZAI stakers who help cover bad debt)
- 10% to the DAO treasury
How to get a boost:
Users who lock up MAKA tokens (for anywhere from 2 weeks to 4 years) receive veMAHA voting power. This power gives them up to a 5× boost on all MAHA token emissions and revenue share from any staking pool they join. People who stake MAHA/ETH LP tokens (locked from 2 weeks to 1 year) also earn voting power and boosts.
Safety Pool stakers stake ZAI alone (with a 10-day withdrawal delay) and earn 10% of protocol revenue plus MAHA emissions.
After the first 10 years of token distribution, MAHA's yearly inflation drops to 2%. No current interest rates or total value locked figures are mentioned here — only the underlying rules for how yield is generated and shared.
Audits
| Audit / Date | Findings | Verdict |
|---|---|---|
Halborn22-07-2024 - 26-07-2024 |
| The audit found no critical, high, or medium severity vulnerabilities; the single low-severity rounding issue and four informational items were all addressed, indicating the core smart contracts are in a sound security posture at the time of assessment. |
Mundus Security07-07-2023 |
| Mundus Security's audit found no critical or high-severity issues, with the medium-severity findings (reentrancy and arbitrary-token risks in FeesSplitter) being fixed and one DoS concern acknowledged; overall the governance contracts pose moderate residual risk contingent on the acknowledged items being monitored in production. |
Backers
No named investors or backers were publicly disclosed on any official MAHA source (website, GitHub, docs, audit pages, or DefiLlama). The token distribution documentation notes that on December 17, 2020, MahaDAO conducted a private sale and IDO releasing ~8% of supply, but no specific investors, funds, amounts, or round details were listed.
Legal
Legal form
Foundation (self-described as "the Foundation" in Terms of Service as "Mahadao")
Status and notes
The Terms of Service (last updated 28 Feb 2025, published at app.maha.xyz/terms-of-service/) refer to the operator as "Mahadao" (hereinafter "the Foundation") but do not disclose a country/state of incorporation, a registration number, or a registered address. No imprint/impressum page exists on the website. The GitHub organization (github.com/mahaxyz) lists the contact email [email protected] and is verified for the maha.xyz domain. Privacy policy (/privacy) returns 404.