神奇的互联网货币 (MIM) 成为 DeFi 巨头 MakerDAO 的可怕挑战者

Abracadabra 的 Magic Internet Money (MIM) 稳定币于 2022 年 5 月发行，市值已超过 10 亿美元，挑战 MakerDAO 的 DAI。 Abracadabra 创新地使用生息代币作为抵押品和多链部署，推动了其增长。该协议的费用结构将 75% 的利息分配给 SPELL 质押者，进一步促进了其成功。 Abracadabra 的联合创始人以对 USDC 等中心化稳定币的直言不讳的批评而闻名，他们正在推动#occupyDeFi 运动，以维护行业的去中心化。

Challenging Goliath: Magic Internet Money (MIM) Emerges as a Formidable Rival to MakerDAO's DAI

挑战巨人：神奇的互联网货币 (MIM) 成为 MakerDAO 的 DAI 的强大竞争对手

In the rapidly evolving landscape of decentralized finance (DeFi), a new challenger has emerged to threaten the dominance of MakerDAO, the established titan of the stablecoin market. Magic Internet Money (MIM), a collateralized stablecoin issued by the Abracadabra lending protocol, has stormed onto the scene, amassing an impressive $1 billion in supply within a mere five months of its launch in May.

在去中心化金融（DeFi）快速发展的格局中，一个新的挑战者已经出现，威胁着稳定币市场老牌巨头 MakerDAO 的主导地位。 Magic Internet Money (MIM) 是一种由 Abracadabra 借贷协议发行的抵押稳定币，现已风靡一时，在 5 月份推出后的短短 5 个月内就积累了令人印象深刻的 10 亿美元供应量。

While this may still pale in comparison to the $5.39 billion market cap of MakerDAO's DAI stablecoin, MIM's remarkable growth trajectory has sent shockwaves through the DeFi ecosystem. Moreover, Abracadabra has already surpassed its established rival in terms of fees generated, demonstrating its rapidly expanding reach.

尽管与 MakerDAO 的 DAI 稳定币 53.9 亿美元的市值相比，这可能仍然相形见绌，但 MIM 的显着增长轨迹已经给 DeFi 生态系统带来了冲击波。此外，Abracadabra 在产生的费用方面已经超过了其老牌竞争对手，这表明其覆盖范围正在迅速扩大。

The secret to Abracadabra's success lies in its innovative approach to collateralization. Unlike MakerDAO, which only accepts stablecoins as collateral, Abracadabra allows users to deposit a wide range of interest-bearing tokens, such as xSUSHI, which entitles holders to fees from the decentralized exchange SushiSwap. This unique feature empowers users to retain their interest-earning capabilities while simultaneously borrowing MIM against their deposited assets.

Abracadabra 成功的秘诀在于其创新的抵押方法。与仅接受稳定币作为抵押品的 MakerDAO 不同，Abracadabra 允许用户存入各种计息代币，例如 xSUSHI，它使持有人有权从去中心化交易所 SushiSwap 收取费用。这一独特的功能使用户能够保留其赚取利息的能力，同时用其存入的资产借入 MIM。

Another key differentiator for Abracadabra is its commitment to multi-chain deployment. While MakerDAO remains confined to the Ethereum blockchain, Abracadabra has expanded its reach to Fantom and Arbitrum, an Ethereum Layer 2 solution. This strategic move has opened up new markets and attracted a broader user base.

Abracadabra 的另一个关键区别是其对多链部署的承诺。虽然 MakerDAO 仍然局限于以太坊区块链，但 Abracadabra 已将其影响范围扩展到以太坊第 2 层解决方案 Fantom 和 Arbitrum。这一战略举措开辟了新的市场并吸引了更广泛的用户群。

Furthermore, Abracadabra's generous fee structure has played a significant role in its rapid ascent. By distributing 75% of the interest payments on its loans to SPELL stakers, the upstart lending protocol shares a larger portion of its revenue with its community compared to MakerDAO's distribution of MKR rewards to its holders.

此外，Abracadabra 慷慨的收费结构对其快速崛起也发挥了重要作用。通过将 75% 的贷款利息分配给 SPELL 质押者，与 MakerDAO 向其持有者分配 MKR 奖励相比，这个新兴的借贷协议与其社区分享了更大一部分的收入。

Beyond its innovative features, Abracadabra is also driven by a deep-seated ideological divide with MakerDAO. The co-founders of Abracadabra, who remain pseudonymous, are staunch proponents of decentralized finance and are critical of MakerDAO's reliance on USDC, a centralized stablecoin backed by U.S. dollar deposits.

除了其创新功能之外，Abracadabra 还受到与 MakerDAO 根深蒂固的意识形态分歧的推动。 Abracadabra 的联合创始人（仍使用化名）是去中心化金融的坚定支持者，并对 MakerDAO 对 USDC（一种由美元存款支持的中心化稳定币）的依赖持批评态度。

This ideological clash has manifested itself in the form of a social media campaign dubbed #occupyDeFi, led by Abracadabra's founders. They have used this hashtag to rally support for the preservation of DeFi's decentralized principles and to criticize the perceived centralization creep within the industry.

这种意识形态冲突以由 Abracadabra 创始人领导的名为#ocpyDefi 的社交媒体运动的形式表现出来。他们利用这个标签来争取对 DeFi 去中心化原则的支持，并批评行业内明显的中心化趋势。

While the Occupy DeFi movement's long-term impact remains uncertain, it has certainly captured the attention of the DeFi community and has fueled the ongoing rivalry between Abracadabra and MakerDAO. As the newcomer continues to gain momentum, it remains to be seen whether it can dethrone the incumbent and reshape the future of decentralized finance.

虽然占领 DeFi 运动的长期影响仍不确定，但它确实引起了 DeFi 社区的关注，并加剧了 Abracadabra 和 MakerDAO 之间持续的竞争。随着新来者不断获得动力，它是否能够取代现有者并重塑去中心化金融的未来还有待观察。

With MIM crossing the $1 billion supply milestone, Abracadabra has undeniably gained significant traction. Its innovative approach to collateralization, multi-chain deployment, generous fee structure, and ideological alignment with the core principles of DeFi have propelled it to the forefront of the stablecoin market. As the battle between Abracadabra and MakerDAO intensifies, it is clear that the DeFi landscape is far from static, and that challengers are constantly emerging to disrupt the established order.

随着 MIM 的供应量突破 10 亿美元里程碑，Abracadabra 无疑获得了巨大的吸引力。其创新的抵押方法、多链部署、慷慨的费用结构以及与 DeFi 核心原则的意识形态一致性，使其走在了稳定币市场的最前沿。随着 Abracadabra 和 MakerDAO 之间的战斗愈演愈烈，很明显，DeFi 格局远非一成不变，挑战者不断涌现，扰乱既定秩序。