Ask LlamaAI for free
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
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | >-0.0001% | -0.12% | +2.13% | 13.27m | ||
| 100% | -0.14% | +0.06% | -1.97% | 5.87m | ||
| 100% | +0.05% | -0.00% | -4.71% | 5.21m | ||
| 100% | +0.31% | +0.67% | +5.54% | 1.95m | ||
| 100% | >-0.0001% | >-0.0001% | -0.12% | 1.72m | ||
| 100% | <0.0001% | +3.23% | +3.08% | 1.25m | ||
| 100% | >-0.0001% | >-0.0001% | -0.77% | 69,171.98 | ||
| 100% | +0.00% | +0.00% | -2.65% | 54,862.37 | ||
| Abracadabra Bridge | 100% | -0.00% | -0.00% | +0.97% | 20,629.88 | |
| 100% | +0.00% | +0.00% | +0.00% | 10,778.34 | ||
| Abracadabra Bridge | 100% | -0.00% | +0.34% | +4.92% | 6,656.87 | |
| 100% | +0.00% | +0.00% | +0.00% | 6,420.15 | ||
| Abracadabra Bridge | 100% | -0.01% | -0.01% | +61.35% | 3,825.65 | |
| 0 |