3 Articles 0 Followers
8 Apr 2022 4 minute read 9 comments 2sats
*obligatory not financial advice* What is Abracadabra Money? Abracadabra is a magical DeFi protocol that allows you to use interest bearing tokens as collateral to mint a decentralized stablecoin called Magic Internet Money. Some dApps allow you to...
25 Dec 2021 2 minute read 0 comments excelencia
What is Magic Internet Money(MIM)? MIM is a USD soft-pegged stablecoin minted by the Abracadabra.money decentralized platform. Abracadabra uses interest-bearing tokens as collateral to mint MIM. Interest-bearing tokens that can currently be used as...
31 Oct 2021 1 minute read 4 comments Kopi
I'm honestly blown away by all this naming in crypto - it really does sound like some full-scale ponzi, doesn't it? Before you get offended (if you're a fan), I will tell you I'm also vested. In summary, $MIM is functioning like a stable coin. On the...
