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Feb 6, 2023 · Abracadabra Money is a DeFi crypto lending platform. It allows users to make money using their interest-bearing assets as collateral in exchange for stablecoin loans.
Abracadabra.money is a Omnichain DeFi lending platform that works its magic by utilizing interest-bearing tokens as collateral to mint Magic Internet Money, a USD-Denominated stablecoin.
Oct 23, 2021 · Abracadabra Money is a charismatic decentralized finance (DeFi) platform offering users, or Spellcasters, the opportunity to extend the utility of the interest-bearing tokens (ibTKNs) from other popular DeFi platforms.
abracadabra.money
Abracadabra has 3 main tokens. SPELL: the protocol's token which is used for incentivization. sSPELL: obtained by staking SPELL tokens and used for fee-sharing and governance! MIM: a USD pegged stable coin.
Nov 3, 2023 · Abracadabra.money is a decentralized crypto lending platform that allows users to collateralize digital assets in exchange for stablecoin loans. However, Abracadabra is unique in that it utilizes interest bearing tokens (ibTKNs) — a type of liquidity provider (LP) token — as collateral.
To borrow MIM using Abracadabra, go to abracadabra.money and launch the app. This will take you to our community deployed and maintained interface. From here, you can see all of the available cauldrons (markets), search for a specific one, filter and sort them however you like (by chain, by MIM availability, by APR, by TVL…)
Oct 14, 2021 · Abracadabra.Money is a lending protocol that lets users deposit interest-bearing assets to mint a multi-chain stablecoin called Magic Internet Money. Its lending engine allows for leveraged yield farming by unlocking stranded capital to turn what would've otherwise been illiquid assets liquid.
Feb 17, 2023 · Abracadabra is a decentralized lending protocol that uses interest-bearing tokens as collateral to borrow its USD-pegged stablecoin, Magic Internet Money (MIM).
