Difference between revisions of "Abracadabra"
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Abracadabra is a decentralized Collateral Debt Position (CDP) [[stablecoin]] protocol which allows users to deposit and borrow. Users can deposit various tokens (i.e., yvCRVstETH, $SHIBA, yvDAI) into isolated cauldrons as collateral and generate its decentralized stablecoin, Magic Internet Money $MIM. | Abracadabra is a decentralized Collateral Debt Position (CDP) [[stablecoin]] protocol which allows users to deposit and borrow. Users can deposit various tokens (i.e., yvCRVstETH, $SHIBA, yvDAI) into isolated cauldrons as collateral and generate its decentralized stablecoin, Magic Internet Money $MIM. | ||
[[Category:Protocols]] | [[Category:Protocols]] | ||
[[Category:CDP]] | |||
Latest revision as of 11:59, 18 July 2022
Abracadabra is a decentralized Collateral Debt Position (CDP) stablecoin protocol which allows users to deposit and borrow. Users can deposit various tokens (i.e., yvCRVstETH, $SHIBA, yvDAI) into isolated cauldrons as collateral and generate its decentralized stablecoin, Magic Internet Money $MIM.