Overcollateralized borrowers deposit funds into Abracadabra and receive MIM stablecoin.

Abracadabra is a non-custodial stablecoin protocol built on Ethereum and other adjacent blockchains. Abracadabra was founded by Daniele Sestagalli and launched in 2021.

SPELL tokenholders own and govern the protocol. Currently, the interest and borrowing fees paid by borrowers (revenue) are shared between tokenholders and the project treasury.

governance

github

twitter

discord

etherscan

website

Stablecoin issuers

Abracadabra.money

# Fully diluted market cap Methodology

## Overview

Fully diluted market cap measures the project’s valuation assuming full dilution. It is calculated as the token price multiplied by the total supply, as defined in the project’s current token economics; including tokens that are circulating, locked, unvested, or set to be issued.

Project valuation based on token price times total supply.

Abracadabra.moneySPELL

Fully diluted market cap

Fully diluted market cap

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