Magic Internet Money (Moonriver) (MIM)

Magic Internet Money (Moonriver) (MIM)

Coin Information

Unkown Country Icon Unknown Country
Ticker icon Ticker: MIM
Type icon Type: Unknown

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About Magic Internet Money (Moonriver)

Magic Internet Money (Moonriver) (MIM) is a stablecoin that operates on a Omnichain DeFi lending platform called Abracadabra.money. The platform employs interest-bearing tokens as collateral to mint MIM, which is a USD-Denominated stablecoin. MIM is overcollateralized, deeply liquid, and battle-tested, making it a reliable and secure choice for users.

MIM functions as a stablecoin, aiming to maintain a 1:1 ratio with the USD. This stability is achieved through the backing of interest-bearing tokens. In addition, the platform has its governance token called SPELL. Holders of SPELL have the opportunity to participate in important decision-making processes and influence the platform’s direction and policies.

Abracadabra.money offers a range of products and tools within its ecosystem. Cauldrons serve as the core of the platform, providing borrowing, leveraging, and attractive yields. The farming options include various tokens like sSpell, mSpell, magicGLP, magicApe, magicLVL, and magicKLP. Users can also benefit from tools such as swap and beam. With its comprehensive offerings and innovative approach, Abracadabra.money strives to provide users with a seamless and rewarding DeFi experience.

Frequently Asked Questions

We currently have no price information of Magic Internet Money (Moonriver) MIM available.
The circulating supply of Magic Internet Money (Moonriver) is 0.
The total supply of Magic Internet Money (Moonriver) is unknown.
The max supply of Magic Internet Money (Moonriver) is unknown.
Unfortunately the country of Magic Internet Money (Moonriver) is unknown.
Magic Internet Money (Moonriver) is a cryptocurrency running on its own blockchain.

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