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Tokenomics. Abracadabra has 3 main tokens. SPELL: the protocol's token which is used for incentivization. sSPELL: obtained by staking SPELL tokens and used for fee-sharing and governance! MIM: a USD pegged stable coin.
Abracadabra.Money is a spell book. that allows users to produce Magic Internet Money. You, the Spellcaster, can provide collateral in the form of various interest bearing crypto assets such as yvYFI, yvUSDT, yvUSDC, xSUSHI and more. With this, you can borrow magic internet money (MIM) which is a stable coin that you can swap for any other .
abracadabra.money
SPELL (Abracadabra Money Token) serves as the governance token. MIM (Magic Internet Money ) is the core component to sustain the Abracadabra Money’s lending model. How does Abracadabra Money work?
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What Is Abracadabra Money? All About SPELL Token & MIM Token
Stake - abracadabra.money Stake Stake your SPELL tokens for sSPELL and participate in the Fee sharing mechanism of Abracadabra! sSPELL - Staked SPELL tokens By clicking on the STAKE button in the top part of the screen, users will be able to access the SPELL Staking page. This Page is divided into three frames. STAKE/UNSTAKE Frame:
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Stake - Abracadabra
Spell Token (SPELL)’s Candlestick Charts & Price - BitScreener
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The Abracadabra protocol has two major tokens working in its ecosystem. The first is SPELL, the governance token of the platform, and the other is MIM (Magic Internet Money). Among other benefits, the primary function of the Spell Token is staking. Like most other tokens using the Ethereum platform, SPELL can be staked to gain various benefits.
Tokenomics - Abracadabra
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Abracadabra Money update, mim curve, spell token and avalanche
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Abracadabra, SPELL, and Magic Internet Money - Medium
Abracadabra Money update, mim curve, spell token and avalanche. In this video, I will be updating you on the current farming yields on Abracadabra.money. Disclaimer: This video is purely my opinion and should not be regarded as factual information. I am not a financial advisor. This is not a recommendation to buy or sell securities.
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Spell Token (Symbol: SPELL) is the Abracadabra magic token with a maximum supply of 210 billion. It is currently live on Ethereum. Abracadabra is a magical protocol to make your crypto work for you. Currently, a lot of assets, such as yVaults have locked in capital, capital that you own, but can’t use.
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The main function of the SPELL token is to stake it in Abracadabra to obtain sSPELL tokens, which have several benefits. First, they grant holders voting rights to change the platform parameters,.
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Spell Token (SPELL): Can This Crypto Really Work Magic .
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