The crypto market is currently going through one of its worst moments in history. Since Luna’s crash in early May, there’s been a strong sense of fear over which project would go down next. Judging from recent reports, Magic Internet Money, or MIM, appears to be on a similar path as Luna....
Abracadabra Money, a decentralized lending protocol leveraging interest- bearing assets to mint a multichain stablecoin called Magic Internet Money, announced today that it is launching a new peer-to-peer lending product to...
SPELL is a reward token associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD- pegged stablecoin called Magic Internet Money (MIM). Abracadabra uses the Kashi Lending Technology pioneered by SushiSwap (SUSHI) to provide isolated lending markets that allow users to adjust their risk tolerance according to the collateral...
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