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 | -0.11% | +0.19% | -7.56% | 13.89m | ||
| 100% | +0.05% | +0.15% | -3.41% | 5.6m | ||
| 100% | -0.02% | +1.17% | +22.65% | 3.85m | ||
| 100% | +0.03% | +0.05% | +0.78% | 1.71m | ||
| 100% | +0.18% | +0.43% | +6.30% | 1.4m | ||
| 100% | < 0.0001% | < 0.0001% | +0.20% | 1.21m | ||
| Abracadabra Bridge | 100% | -0.33% | -0.88% | -40.33% | 216,794 | |
| 100% | 0% | +0.13% | +0.08% | 68,649 | ||
| 100% | +0.17% | +1.31% | +17.31% | 50,202 | ||
| Abracadabra Bridge | 100% | 0% | 0% | -0.01% | 20,447 | |
| 100% | 0% | -95.86% | 10,670 | |||
| 100% | 0% | 0% | +2.84% | 6,420 | ||
| Abracadabra Bridge | 100% | 0% | 0% | +15.53% | 5,990 | |
| Abracadabra Bridge | 100% | +0.01% | +0.01% | +0.01% | 2,371 |