Abracadabra.money is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stablecoin (Magic Internet Money - MIM), that can be used as any other traditional stablecoin.
Currently, a lot of assets, such as yVaults have locked in capital that can't be put to further use. Abracadabra offers an opportunity to use it.
Borrow
Abracadabra uses Kashi Lending Technology to provide isolated lending markets, that allow users to adjust their risk tolerance according to the collateral they decide to use.
Leverage
One of the features of using Kashi as our lending engine is that it allows users to leverage their interest-bearing tokens positions. Here at Abracadabra, we have developed a one-click UI that allows you to do so automatically. Let's dive into this!
Choose Chain
Choose chain allow user to change the chain on which they are using on Abracadabra. Please note that a position on Ethereum will not pop up if you are using Fantom, and vice versa.
MIM Balance on Bentobox/Degenbox
This frame describes the amount of MIM that the user has on Bentobox. Keep in mind that. as Abracadabra is using Kashi Technology. it interacts with Bentobox.
Fee Sharing
The Stake page allows users to take part in the fee sharing mechanism of Abracadabra!
We currently support two staking methods:
Abracadabra has 3 main tokens.
SPELL: the protocol's token which is used for incentivization.
sSPELL: obtained by staking SPELL tokens and used for fee-sharing and governance!
MIM: a USD pegged stable coin
This offer is based solely on information provided by the offeror and other publicly available sources.
The token sale or exchange event is completely independent of ICOholder. ICOholder is not involved in any way, including technical support or promotion.
We list token sales from entities with which we have no relationship to help users track overall activity within the token sector. This information is not intended as advice, and you should seek professional or specialist guidance or conduct your own due diligence before making any decisions based on our content.
Any terms and conditions regarding token acquisition are solely between contributors and the token issuer. ICOholder is not the seller of these tokens.
ICOholder is not legally responsible for any representations made by third parties about any token sale. Any claims for breach of contract must be directed against the listed token issuing entity.
If you have concerns about the nature, legality, or propriety of a token sale or the involved individuals, please contact info@icoholder.com with detailed information.