Abracadabra

Abracadabra is a cross-chain stablecoin lending protocol that allows users to provide collateral in the form of various interest- bearing crypto assets, such as yvYFI, yvUSDC, xSUSHI, and more. With Abracadabra, users can use the interest-bearing tokens they get from staking in vaults as collateral to mint Magic Internet Money (MIM), Abracadabra's USD-pegged stablecoin, and use it for other purposes. Tags: DeFi Lending Stablecoin Protocol Ecosystem(): Ethereum BNB Chain Polygon Arbitrum Optimism Avalanche Fantom Kava Blast Founded: