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BTC
$97,245
+2.5%
ETH
$3,642
+1.8%
BNB
$672
+3.2%
SOL
$248
+4.1%
XRP
$2.85
+5.3%
ADA
$1.24
+2.9%
DOGE
$0.42
+6.2%
LINK
$28.50
+1.5%

Abracadabra Money

DeFi lending platform that lets users borrow Magic Internet Money against supported crypto collateral.

Lending & Borrowing

abracadabra.moneyFounded 2021

About

The Abracadabra Money project is a decentralized lending platform where users can obtain liquidity from their crypto asset portfolio through borrowing MIM (Magic Internet Money) in exchange for their assets that produce yield as collateral. Users no longer need to sell their assets; instead, they have the option to use them as collateral. The protocol is built around isolated lending markets and smart contract infrastructure designed for decentralized borrowing and lending. Key Features • • Access isolated lending markets (Cauldrons) for independent collateral risk management. • Operate across multiple blockchain networks for broader accessibility. • Benefit from the SPELL ecosystem with utility, incentives, and mSPELL staking rewards in MIM. • Store and manage collateral using the DegenBox vault system.

FAQs

  • Abracadabra Money is a decentralized finance protocol that enables users to use eligible and interest-generating cryptocurrencies as collateral to borrow Magic Internet Money (MIM), which is the stablecoin tied to the U.S. dollar.