Everything You Must know about Abracadabra magic money

Abracadabra. money is a decentralized crypto lending platform that allows users to obtain loan on digital assets in exchange for stablecoin loans.

Abracadabra. Money, a stablecoin lending platform, is run by a co-founder who is only known as "Squirrel," along with Daniele Sesta.

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Abracadabra Money is a cross-blockchain lending platform that allows users to earn money by using their interest-bearing assets.

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Abracadabra is built upon things related to terms like Interest (or yield) bearing tokens,Lending pools,Cross-chain system,US-dollar backed stablecoins

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Abracadabra magic money has attained success by turning two token formats such as Illiquid token format and Liquid token format into a business model of their own design.

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Money earned is in the form of Magic Interest Money (MIM) tokens which are stable coins pegged to the US dollar.

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The Magic Money was launched in May 2021. However, it has quickly taken over the DeFi world.

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Moreover, the platform’s lending features have been built using Kashi Lending Technology.

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The main purpose of SPELL is to facilitate liquidity on the Abracadabra Money’s lending markets. 63% of the total money supply is allocated to the liquidity mining program.

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