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% | +0.02% | +0.10% | -9.96% | 12.98m | ||
| 100% | +0.11% | -0.57% | +32.67% | 5.99m | ||
| 100% | -0.01% | -1.29% | -6.88% | 5.39m | ||
| 100% | -0.45% | +5.09% | +22.35% | 1.94m | ||
| 100% | >-0.0001% | -0.09% | +0.18% | 1.72m | ||
| 100% | >-0.0001% | -0.00% | -0.02% | 1.21m | ||
| 100% | +0.00% | -0.30% | +1.27% | 69,497.33 | ||
| 100% | -0.11% | -1.29% | +1.84% | 55,626.31 | ||
| Abracadabra Bridge | 100% | +0.00% | +0.00% | +0.00% | 20,432.12 | |
| 100% | +0.00% | +0.00% | +0.00% | 10,778.34 | ||
| Abracadabra Bridge | 100% | +1.73% | +2.16% | +10.79% | 6,482.28 | |
| 100% | +0.00% | +0.00% | +0.00% | 6,420.15 | ||
| Abracadabra Bridge | 100% | +0.01% | +0.01% | +0.01% | 2,371.27 | |
| 0 |