Abracadabra.money is an Omnichain DeFi lending platform that utilizes interest-bearing tokens as collateral to mint Magic Internet Money (MIM), a USD-denominated stablecoin. MIM operates with its value pegged to the USD, backed by these interest-bearing tokens. The platform's utility and governance token, SPELL, allows holders to participate in key decision-making processes. Abracadabra also offers seamless cross-chain asset movement through its Beam feature, powered by Layer Zero.
