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Feb 6, 2023 · Abracadabra Money offers an innovative approach to stablecoin loaning in the form of borrowed MIM — Magic Internet Money. The Kashi Lending Technology introduced by SushiSwap paved the way for Abracadabra, allowing the protocol to provide isolated lending markets .
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 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.
abracadabra.money
Abracadabra Money: Spellbinding Tokenomics. Explore Abracadabra Money's spellbinding tokenomics, designed to provide sustainable value and rewards for users. Abracadabra Money: Sorcery in Asset Management. Unlock the secrets of sorcery in asset management with Abracadabra Money, harnessing the power of magic for efficient portfolio management ...
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.
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!
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).
Explore Abracadabra.Money DeFi platform with an overview of total value locked (TVL), analytics, token data, news, and historical charts. Stay updated on the latest insights and trends on DappRadar.
Oct 15, 2023 · Using the protocol Abracadabra.money, users can collateralize crypto assets — including interest bearing tokens (ibTKNs) — to mint magic internet money (MIM). The MIM token is an innovative stablecoin that can be minted on multiple chains, including Ethereum and Binance Smart Chain.
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.
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…)
Nov 5, 2021 · One of the biggest factors attracting the attention of active DeFi users is Abracadabra’s native Magic Internet Money stablecoin, which is fully collateralized and minted by...
Abracadabra Money (SPELL) is a DeFi lending platform which allows anyone to convert interest-bearing cryptocurrencies into stablecoins called Magic Internet Money (MIM). Investors can exchange MIM for other stablecoins such as DAI, USDC, and USDT.
Jan 9, 2022 · Explaining what the Abracadabra.Money protocol is, how it works, going through the UI, showing how I borrowed MIM and used the (9,9) + looping method to increase my APY interest rate.
Abracadabra Money is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-linked stablecoin (Magic Internet Money – MIM), which can be used like any other traditional stablecoin.
Staking is the act of depositing an asset into a contract in order to receive a reward, in the form of Yield. When using abracadabra, you will encounter 2 main forms of staking, each targeted to different use cases.
Nov 8, 2022 · Decentralized platform Abracadabra.money's magic internet money (MIM), a U.S. dollar-pegged stablecoin, dropped below $1 early Tuesday as crypto exchange FTX's native token FTT tanked.
Cauldrons allow users to borrow or leverage their positions (and inversely, repay or deleverage). While both actions share a lot of common steps, it is very important to understand the difference between the 2. When you borrow, you receive MIM in your wallet to use however you like.
Abracadabra.money: DeFi Stablecoins via MIM and SPELL. Abracadabra.money issues stablecoin loans in magic internet money (MIM) by collateralizing interest bearing tokens, also known as liquidity provider tokens.
Feb 14, 2022 · We are really excited to be able to present to you and collect feedback for the new UX/UI of Abracadabra.Money. Abracadabra started off by solely tailoring towards the degens in the DeFi space, due to this our UX and UI was Pixel art based, and wasn’t the friendliest of UIs.
One of the key features of Abracadabra's Cauldrons Technology is the ability for users to leverage their positions. Here at Abracadabra, we have developed a one-click UI that allows you to do so automatically.
