Abracadabra
Interest-bearing token collateral protocol minting MIM stablecoin across chains
- No KYC or registration
- Non-custodial — your keys, your crypto
- 1000+ supported exchange pairs
- Best available exchange rate
Abracadabra Price Chart
About Abracadabra
Abracadabra (SPELL) is a multi-chain lending platform where users deposit interest-bearing tokens (yvDAI from Yearn, stETH, xSUSHI, etc.) as collateral to mint MIM (Magic Internet Money) — a USD-pegged stablecoin. This enables capital efficiency: you keep earning yield on your collateral while also borrowing MIM. SPELL is the governance token for Abracadabra, with stakers earning 75% of protocol interest revenue as sSPELL. Abracadabra operates on Ethereum, Arbitrum, Avalanche, Fantom, and BNB Chain, making MIM widely available across DeFi.
History
How to Swap SPELL
Swapping Abracadabra (SPELL) on SyntheticSwap requires no registration or KYC. SPELL operates across multiple chains including Ethereum, making it compatible with MetaMask, Trust Wallet, Ledger, and most major Web3 wallets. Open SyntheticSwap, select SPELL as your source or destination asset, enter your receiving wallet address, and confirm the floating rate. After sending SPELL to the provided deposit address, the destination asset is delivered directly to your wallet. No personal information is ever collected — fully non-custodial.
How to Store SPELL
SPELL (ERC-20) is stored in MetaMask, Ledger, or any Ethereum wallet. sSPELL staking is done through Abracadabra's portal for protocol fee revenue.
