Abracadabra Community Update on Blast_L2 Points Distribution
Abracadabra Community Update on Blast_L2 Points Distribution
Abracadabra distributed another 10m Blast_L2 Points to cauldron users and MIMSwap LLE participants. Users can farm stablecoins on Abracadabra and secure a lifetime founder boost through LLE. Participants earn Blast Points, Gold Points, and are eligible for Potion Points leading to a $SPELL airdrop.
1/ 🧙🏼♂️ We've officially launched on @Blast_L2 mainnet! Experience boosted yields, points distributions and seamless stablecoin swaps, including the groundbreaking @MIMSwap and a unique rewards system!🔥 mirror.xyz/0x5744b051845B…
🧙🏼♂️! Our first @Blast_L2 points distribution is now live!🔮 15m BLAST points have been distributed between cauldron users and LLE participants already! Use our products, lock MIM or USDB and enjoy these amazing points rewards! Point Boosting Guide:👇 x.com/MIM_Spell/stat…
$MIM Deposit Guide: 1. Buy $MIM: Mainnet: curve.fi/#/ethereum/poo… Arbitrum: curve.fi/#/arbitrum/poo… 2. Beam to @Blast_L2: Use our beaming technology to bridge MIM to Blast: app.abracadabra.money/#/beam 3. Deposit MIM app.abracadabra.money/#/blast To earn 20x boost, click on Lock & Boost
🧙🏼♂️! By launching @MIMSwap, we're supercharging our infrastructure on @Blast_L2 !🔮 Faster launches, more frequent top-ups, and boosted yields for more users! 🚀 If you are building on @Blast_L2, and want to create some synergies, reach out to our contributors on discord!🔥
1/🧙🏼♂️! We've secured a substantial airdrop from the Big Bang Competition!🔥 Our cauldrons have consistently ranked in the top 10 for leveraged lending on @DefiLlama, and the premiere of MIMSwap on @Blast_L2 is set to enhance their performance even further!⬆️🔮
Abracadabra Proposes Interest Rate Hikes to Push V1 Users Toward V2 Migration
Abracadabra has introduced a proposal to gradually increase borrowing rates on V1 cauldrons over 30-60 days as part of its transition to V2. **Key objectives:** - Stabilize the MIM stablecoin peg - Consolidate liquidity before V2 launch - Encourage users to migrate from V1 to V2 - Optimize protocol reserves and revenue The RFC outlines the pace and structure of these rate increases, using higher borrowing costs as an economic incentive for migration. This approach aims to concentrate liquidity in preparation for the V2 deployment while maintaining protocol health during the transition period. [Read the full proposal](https://forum.abracadabra.money/t/rfc-1-gradual-interest-rate-increase-for-v1-cauldrons-during-v2-transition/12)
Privacy-Focused DeFi Platform Announces V2 Rollout Timeline
A new version of a DeFi lending platform is set to launch in two phases this year: - **Q2 2026**: Beta release - **Q3 2026**: Full deployment **Key Features:** - Borrowing up to **90% loan-to-value ratio** - Private spending debit cards for everyday transactions - Zero-knowledge privacy pool for enhanced anonymity - Web and mobile neo-banking interfaces The platform combines traditional banking convenience with privacy-preserving technology. Users can add collateral, borrow stablecoins, route funds through a ZK privacy layer, and manage everything through a single application. This update represents a shift toward making DeFi more accessible while maintaining user privacy through zero-knowledge proofs.
Abracadabra Launches V2 with Private DeFi Banking Features
Abracadabra is launching V2, transforming its MIM stablecoin from a basic DeFi tool into a private banking platform. **Key Features:** - Borrow against yield-bearing collateral while maintaining upside exposure - Private spending capabilities - Designed for everyday use The platform aims to bridge DeFi lending with traditional banking convenience. Users can access the full announcement and join the beta waitlist at [abracadabra.money/v2-announcement](https://abracadabra.money/v2-announcement).
V2 Launches on Ethereum with MIM-Only Stablecoin Model
A major network upgrade has arrived on Ethereum, bringing V2 to the platform. **Key Updates:** - V2 is now live on Ethereum mainnet - The stablecoin model continues to support MIM (Magic Internet Money) exclusively - No additional stablecoin options have been introduced in this version This launch represents a significant milestone for the protocol, maintaining its focused approach to stablecoin integration while expanding its technical capabilities on Ethereum.
Revolut Expands Crypto Banking to 66 Countries with Full Account Features
Revolut is rolling out its crypto-enabled banking card across 66 countries, implementing a careful market-by-market approach with compliance safeguards. **Key Features:** - Full bank account functionality, not limited to crypto off-ramping - Gradual deployment with regulatory compliance at each stage - Expansion beyond typical neobank offerings This measured rollout follows Revolut's 2024 entry into a mobilization stage for new banking operations with initial restrictions.