Stablecoin Information
Abracadabra.money is a lending platform that uses interest-bearing tokens as collateral to borrow a USD pegged stablecoin (Magic Internet Money - MIM), that can be used as any other traditional stablecoin.
Category:crypto-backed
Minting and Redemption
Using Abracadabra.money, users mint MIM by depositing interest-bearing tokens as collateral into an Abracadabra cauldron. When the loan is repaid to retrieve the collateral, the paid back MIM is burned.
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -0.76% | -0.78% | +1.55% | 14.4m | ||
| 100% | +0.38% | +0.04% | -5.73% | 5.87m | ||
| 100% | +1.41% | +1.46% | +6.53% | 4.47m | ||
| 100% | >-0.0001% | >-0.0001% | +0.01% | 1.71m | ||
| 100% | +1.68% | +3.09% | +6.56% | 1.57m | ||
| 100% | >-0.0001% | -0.01% | -0.07% | 1.21m | ||
| 100% | <0.0001% | <0.0001% | -1.95% | 68,448.01 | ||
| 100% | +0.76% | +0.31% | +1.43% | 54,289.93 | ||
| Abracadabra Bridge | 100% | +0.00% | +0.00% | +0.17% | 20,432.12 | |
| 100% | +0.00% | +0.00% | +0.00% | 10,778.34 | ||
| 100% | +0.00% | +0.00% | +0.00% | 6,420.15 | ||
| Abracadabra Bridge | 100% | -0.00% | -0.00% | +0.20% | 5,838.83 | |
| Abracadabra Bridge | 100% | +0.01% | +0.01% | +0.01% | 2,371.27 | |
| -100.00% | 0 |