WebWhat is your goal? Pre-Approval Purchase Refinance When are you looking to buy? Within 30 days 2-5 months 6 months - 1 year Unsure How is your credit score? Poor (619 or … WebAbracadabra Money is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-linked stablecoin (Magic Internet Money – MIM), which can be used like any other traditional stablecoin. Currently, many assets, such as yVaults, have locked-up capital that cannot be used. Abracadabra offers the opportunity to use ...
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WebSorry, the Abracadabra front end is not available in your current location. We apologize for the inconvenience. Thank you for your understanding. WebDec 18, 2024 · Step 1: The cauldron Users deposit UST tokens into the cauldron in order to either borrow MIM or leverage their position. This cauldron is built and connected to Degenbox and runs an automatic yield-enhancing strategy with the … mi official lottery
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WebFeb 10, 2024 · Permission-less, non-liquidatable, fixed-rate, and fixed terms loan pools customized by lenders. Beta is live on WebOct 14, 2024 · The fully-collateralized and decentralized stablecoin MIM can be found on all decentralized exchanges across all blockchains. ... Abracadabra.Money is a lending protocol that allows users to deposit interest-bearing assets as collateral to borrow a stablecoin called Magic Internet Money that can be used across multiple blockchains. WebDec 20, 2024 · If MIM trades above USD1.00, arbitrageurs are incentivized to borrow MIM and sell it at a premium. MIM is a USD soft-pegged stablecoin minted by the Abracadabra.money decentralized platform. Abracadabra uses interest-bearing tokens as collateral to mint MIM. mi officer career development