Magic Internet Money (Polygon) (MIM)

Magic Internet Money (Polygon), or MIM, is a stablecoin operating on the Ethereum-based Polygon network. The project is backed by interest-bearing tokens used as collateral to mint MIM. MIM aims to maintain a consistent value pegged to the US Dollar, with a 1:1 ratio.

Besides being a stablecoin, MIM has a utility token called SPELL. This token plays a crucial role in the ecosystem, serving as a utility and governance token. SPELL holders can participate in key decision-making processes, influencing the platform’s direction and policies.

Abracadabra.money is an omnichain DeFi lending platform that offers various products, including Cauldrons, Farms, and Tools. Using these products, users can borrow, leverage, and enjoy competitive yields. The platform aims to provide users with a deeply liquid and battle-tested experience.