Projects

Abracadabra.money - Logo

Abracadabra.money(SPELL)

Stablecoin issuers
Price
~$0.0008
Live
ATH
$0.0344
2.6y ago
ATL
$0.00
2.9y ago
Chains
8 chains

7d price-17.8%

30d price-0.5%

90d price-36.4%

180d price+41.4%

Learn more

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.
RevenueAbracadabra.money'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.