DeFi Project Spotlight: Abracadabra.Money, DeFi’s Magic Money Spell Book

Key Takeaways

  • Abracadabra.Money is a lending protocol that lets users deposit interest-bearing assets to mint a multi-chain stablecoin called Magic Internet Money.
  • Its lending engine allows for leveraged yield farming by unlocking stranded capital to turn what would’ve otherwise been illiquid assets liquid.
  • The fully-collateralized and decentralized stablecoin MIM can be found on all decentralized exchanges across all blockchains.

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