🧙♂️Introduction
Last updated
Last updated
Abracadabra.money is a Omnichain DeFi lending platform that works its magic by utilizing interest-bearing tokens as collateral to mint Magic Internet Money, a USD-Denominated stablecoin.
A lot of assets today are interest-bearing, Abracadabra unlocks the capital of these assets allowing users to take out USD-denominated loans while the collateral keeps earning yield. Abracadabra also offers staking strategies allowing non-yielding assets to start earning yield in a very simple and efficient way.
Abracadabra offers multiple services to its users, each section will explain how these product work.
Borrow MIM
Leverage with MIM
Stake - Yield
Beam MIM - Bridging