Magic Internet Money

(MIM)

Onchain Marketcap$29.08m

Active Marketcap$29.08m

DeFi Active TVL$379,540

MIM Price$0.99

Chains16

Token Properties

Asset ClassCrypto Stable

TypeAsset

RWA ClassificationRWA

Access ModelPermissionless

Parent PlatformAbracadabra

RedeemableIndicates whether the token can be redeemed for underlying assets

TransferableIndicates whether the token can be transferred freely between on chain addresses

Self CustodyIndicates whether the token can be held in a user controlled wallet

CEX ListedIndicates whether the token is listed on a centralized exchange

AttestationsIndicates whether the issuer provides periodic attestations or assurance reports regarding reserves or backing

IssuerAbracadabra.money

Date of Last AttestationNo attestation found

Attestation FrequencyN/A

MIM is the stablecoin minted by Abracadabra’s lending markets, where users borrow against interest-bearing crypto collateral (e.g., yield vault shares, LP tokens). Peg stability depends on overcollateralization and liquidation risk management across many collateral types, which can create complex cross-protocol contagion risk. Key risks include collateral depegs, liquidation cascades, oracle risk, and smart-contract risk across the integrated DeFi stack.