Magic Internet Money (Fantom) (MIM)

Magic Internet Money (Fantom), with ticker MIM, is a stablecoin operating on an Omnichain DeFi lending platform called Abracadabra.money. Its main feature is the ability to mint MIM against various forms of collateral, primarily interest-bearing tokens. MIM is a USD-denominated stablecoin, aiming to maintain a consistent 1:1 ratio with the USD. The platform is deeply liquid and battle-tested, making it a reliable option for users.

Besides its stablecoin functionality, MIM has a governance token called SPELL. With SPELL, holders can actively participate in key decision-making processes and shape the direction and policies of the Abracadabra.money platform. This token serves as a utility token, offering additional benefits and functionalities within the ecosystem.

Abracadabra.money offers a range of products, including Cauldrons, where users can borrow, leverage, and access high yields. The platform operates on an omnichain infrastructure, providing a versatile and efficient lending experience. With its stablecoin stability, governance token, and diverse offerings, Abracadabra.money presents a comprehensive solution for users within the DeFi space.