Abracadabra Money company
Overview
Abracadabra Money is a decentralized lending platform that allows users to deposit interest-bearing tokens (e.g., yvault shares) as collateral to borrow the stablecoin Magic Internet Money (MIM). It operates on multiple blockchains and is part of the broader DeFi ecosystem.
Within the DeFi Intel graph, Abracadabra Money connects to 1 tracked entity, most strongly to Magic Internet Money.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
regulated_by | Magic Internet Money | 90% |
Frequently asked questions
What is Abracadabra Money?
Abracadabra Money is a decentralized lending platform that allows users to deposit interest-bearing tokens as collateral to borrow the stablecoin Magic Internet Money (MIM).
What stablecoin does Abracadabra Money use?
Abracadabra Money uses the stablecoin Magic Internet Money (MIM), which is regulated by the platform.
What blockchains does Abracadabra Money operate on?
Abracadabra Money operates on multiple blockchains as part of the broader DeFi ecosystem.