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Abracadabra Money

DeFi lending platform that lets users borrow Magic Internet Money against supported crypto collateral.

Last updated 6 days ago

About

Company Info

The Abracadabra Money project is a decentralized lending platform where users can obtain liquidity from their crypto asset portfolio through borrowing MIM (Magic Internet Money) in exchange for their assets that produce yield as collateral. Users no longer need to sell their assets; instead, they have the option to use them as collateral. The protocol is built around isolated lending markets and smart contract infrastructure designed for decentralized borrowing and lending.

Key Features

- Access isolated lending markets (Cauldrons) for independent collateral risk management.
- Operate across multiple blockchain networks for broader accessibility.
- Benefit from the SPELL ecosystem with utility, incentives, and mSPELL staking rewards in MIM.
- Store and manage collateral using the DegenBox vault system.

FAQs

Company Details

Launch Date

Jan-2021

Contact Details

[email protected]

Zug, Switzerland

https://abracadabra.money/

Social Media

Primary Category

Lending & Borrowing

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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