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Stablecoin issuers
2.6y ago
2.9y ago
8 chains

7d price-17.8%

30d price-0.5%

90d price-36.4%

180d price+41.4%

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What is

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 work?

Overcollateralized borrowers deposit funds into Abracadabra and receive MIM stablecoin.

Who governs

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.'s share of the fees $100Allows overcollateralized borrowers to mint stablecoinsFeesInterest and borrow fee paid by borrowers$100Borrowers
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.