Magic Internet Money News
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Apr / 13- Magic Internet Money (MIM) Emerges as a Fearsome Challenger to DeFi Titan MakerDAO
- Apr 13, 2024 at 09:02 am
- Abracadabra's Magic Internet Money (MIM) stablecoin, issued in May 2022, has achieved a market cap of over $1 billion, challenging MakerDAO's DAI. Abracadabra's innovative use of interest-bearing tokens as collateral and multichain deployment has driven its growth. The protocol's fee structure, which allocates 75% of interest payments to SPELL stakers, has further contributed to its success. Abracadabra's co-founders, known for their vocal criticism of centralized stablecoins like USDC, are driving the #occupyDeFi movement to preserve decentralization in the industry.
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Communtity feeds
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- The Crypto Monster🍪🍪 Nov 24, 2024 at 07:14 am
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- More Crypto Online Nov 24, 2024 at 06:46 am
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- benefactor Nov 24, 2024 at 06:36 am
The $GALA community had an interesting notion…what if we switched our ipfs to a private network and if you wanted access you need $GALA…seems like a good idea -
- Twitter source
- SlumDOGE Millionaire Nov 24, 2024 at 06:31 am
Yay after a 30% gain over the past week I finally broke even on my $MATIC investment I invested $10,000 over a year ago and I’m right back to $10,000! LFG -
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