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SPELLBTC
SPELL / Bitcoin
cryptoComposite

InactiveAug 28, 2026 8:00:00 PM EDT
0.0000000011BTC0.000%(0.00)
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Market Cap
0 BTC
Rank
#731
Category
Financial
Sector
Lending
SPELLBTC Profile

Abracadabra is a cross-chain stablecoin lending protocol that allows users to make use of capital that they own, but unable to put into use. With Abracadabra, the interest-bearing tokens that you get from staking in vaults can now be used as collateral to mint Magic Internet Money (MIM), Abracadabra's USD pegged stablecoin and utilized for other purposes. Abracadabra Money is primarily built on the Ethereum blockchain and bridged to other networks such as Fantom and Avalanche via AnySwap. For their L2 solution, Abracadabra Money is on Arbitrum and bridged via AnySwap and Arbitrum's official bridge. For Abracadabra Money's lending functionality, it is built using Kashi Lending Technology to provide isolated lending markets, which could allow users to adjust their risk tolerance according to the collateral they decide to use. For swapping, Abracadabra is linked to Curve's website, which could allow users to swap their MIM stable coins for other stables.

SPELLBTC Performance
PeriodPriceDateChange
1M0.002026-07-28-15.38%
3M0.002026-05-24-45.00%
6M0.002026-02-24-60.71%
1Y0.002025-08-29-75.56%
2Y0.002024-08-21-87.91%