Abracadabra

From DefiLlama
Revision as of 02:46, 13 May 2022 by Moleman (talk | contribs)
Jump to navigation Jump to search

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.

Retrieved from "https://wiki.defillama.com/w/index.php?title=Abracadabra&oldid=2249"