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.

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Abracadabra.money

# Abracadabra.money Maximum token supply Methodology

## 1. Overview

The Abracadabra maximum token supply metric represents the theoretical maximum number of tokens that can ever exist for the Abracadabra protocol. This is a static value based on the protocol's tokenomics design, providing a fixed reference point of 210 billion tokens with data availability starting from the protocol's launch date of May 28, 2021.

## 2. Data sources

This metric is derived from:
- **Protocol tokenomics specification**: Abracadabra's official token economics documentation defining the maximum supply cap
- **Token contract deployment parameters**: Smart contract specifications that establish the supply limits
- **Protocol documentation**: Official launch date and token parameters

## 3. Step-by-step calculation

### Component A: Maximum supply definition
- **Purpose**: Establishes the hardcoded maximum token supply value for Abracadabra
- **Logic**: The maximum supply is set to exactly 210,000,000,000 tokens based on the protocol's tokenomics design. This value represents the absolute ceiling of tokens that can ever be created or minted within the Abracadabra ecosystem
- **Key fields**: `token_supply_maximum` field containing the static value of 210 billion tokens

### Component B: Temporal configuration  
- **Purpose**: Defines the time parameters for the metric reporting
- **Logic**: The launch timestamp is set to May 28, 2021 at 00:00:00 UTC, marking the official start of Abracadabra protocol operations. The timestamp grain is configured for daily reporting intervals
- **Key fields**: `timestamp` field with launch date and `timestamp_grain` set to daily intervals

### Final aggregation
- **Combining components**: The maximum supply value and temporal parameters are combined into a single metric record
- **Currency conversion**: Not applicable as this is a token count metric
- **Time aggregation**: The finalize macro applies a fill-forward strategy, ensuring the maximum supply value of 210 billion tokens is consistently reported for all dates from May 28, 2021 onwards
- **Final calculation**: The metric outputs a constant value of 210,000,000,000 tokens for each day since protocol launch, representing the unchanging maximum supply ceiling established in Abracadabra's tokenomics

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

Abracadabra.moneySPELL

Maximum token supply

Maximum token supply

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