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What is Abracadabra.money?
Abracadabra is a non-custodial stablecoin protocol built on Ethereum and other adjacent blockchains. Abracadabra was founded by Daniele Sestagalli and launched in 2021.How does Abracadabra.money work?
Overcollateralized borrowers deposit funds into Abracadabra and receive MIM stablecoin.Who governs Abracadabra.money?
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.The values in this graphic are examples and do not reflect actual values. Treat them as approximations.