🧙♂️Introduction
Abracadabra.money is a Omnichain DeFi lending platform that works its magic by utilizing interest-bearing tokens as collateral to mint Magic Internet Money (MIM), a USD-Denominated stablecoin.
Abracadabra unlocks the capital of interest bearing assets, allowing users to take on USD-denominated loans while their collateral keeps earning yield. Abracadabra also offers staking strategies, which allows non-yielding assets to start earning yield in a very simple, secure and efficient way.
Abracadabra offers multiple services to its users, each section outlined on this document will explain how these product work.
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