Abracadabra.money

Abracadabra.money is a decentralized finance (DeFi) lending platform that enables users to leverage interest-bearing tokens as collateral to mint Magic Internet Money (MIM), a USD-pegged stablecoin. By unlocking the capital locked in yield-generating assets, Abracadabra allows users to borrow USD-denominated loans while their collateral continues to earn yield. This approach provides liquidity without sacrificing yield, addressing a common limitation in DeFi lending where collateralized assets often become illiquid.

The platform supports multiple services including borrowing MIM, staking strategies to enable yield generation on non-yielding assets, and cross-chain bridging of MIM to expand liquidity access across blockchains. Abracadabra’s core innovation lies in its use of interest-bearing tokens (such as those from lending protocols) as collateral, which differentiates it from traditional lending platforms that require non-yielding assets. This design allows users to maintain yield while accessing liquidity, improving capital efficiency.

Abracadabra.money targets DeFi developers, financial institutions, and tokenization platforms seeking flexible lending and stablecoin minting solutions. Integration requires interaction with smart contracts on supported chains and familiarity with DeFi composability. The platform offers comprehensive documentation and active community support via Discord and Telegram. Developers can get started by exploring the open documentation, deploying or interacting with Cauldrons (the lending pools), and leveraging staking and bridging features to optimize yield and liquidity management.