Abracadabra - Recent articles
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Lending Protocol Abracadabra Hit By $6.5M Exploit
The MIM stablecoin trades at a 6% discount as the team attempts to contact the hacker via onchain message.
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Abracadabra Enables Leveraged Yield Farming On Stargate
Abracadabra's new Degenbox strategy will let users leverage stablecoin yields on liquidity protocol Stargate Finance.
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Abracadabra To Offer Supercharged Stablecoin Yields By Leveraging Terra’s Anchor Protocol
“Degen” traders are likely salivating at an announcement by DeFi’s rising star Daniele Sestagalli, claiming that they will soon be able to earn high yields from their stablecoins thanks to a new cross-chain, leveraged yield farming protocol. The Abracadabra founder said today on Twitter that a protocol which connects Ethereum with the Terra blockchain to…
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OlympusDAO’s Success Inspires Dozens of Forks
They say imitation is the highest form of flattery. In crypto, this manifests as forks, or copies of a project’s codebase. In that sense, OlympusDAO must be feeling pretty flattered.
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Terra and Abracadabra Team Up to Challenge Centralized Stablecoins
For an industry that has decentralization in its very name, DeFi’s reliance on centralized stablecoins remains an Achilles’ heel, making it an easy target for overzealous regulators.
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Abracadabra’s Stablecoin Races Past $1B and Sparks Talk of Overtaking MakerDAO
New collateralized stablecoin, Magic Internet Money (MIM) is challenging MakerDAO, the grandaddy protocol of DeFi. MIM, issued by lending protocol Abracadabra, broke $1B in supply on Oct. 5, placing it seventh overall in terms of stablecoin market cap, according to CoinGecko. That’s $5.39B behind Maker’s DAI stablecoin supply. So while MIM still has a ways…