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% | <0.0001% | +1.97% | +6.14% | 14.51m | ||
| 100% | +0.05% | -5.64% | +8.94% | 5.97m | ||
| 100% | +0.17% | +0.49% | +5.36% | 4.32m | ||
| 100% | >-0.0001% | +0.03% | +0.18% | 1.72m | ||
| 100% | -0.66% | +1.28% | +3.81% | 1.51m | ||
| 100% | <0.0001% | <0.0001% | -0.02% | 1.21m | ||
| 100% | -0.00% | -0.00% | -0.90% | 68,447.83 | ||
| 100% | +0.00% | +0.67% | +2.88% | 53,743.48 | ||
| 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% | +0.20% | +0.20% | +0.20% | 5,838.83 | |
| Abracadabra Bridge | 100% | +0.01% | +0.01% | 2,371.27 | ||
| -100.00% | 0 |