Abracadabra Launches Single-Sided gmCauldrons on Arbitrum
Abracadabra Launches Single-Sided gmCauldrons on Arbitrum
🧙♂️ New Cauldrons Just Dropped
Abracadabra Money has launched new Single-Sided gmCauldrons on Arbitrum, featuring:
- 1M MIM cap for each cauldron (gmBTC and gmETH)
- Chainlink oracle integration for BTC/ETH pricing
- Fixed interest rates
- Yield exposure while leveraging positions
The new cauldrons allow users to leverage their gmBTC and gmETH positions while maintaining exposure to underlying yield generation. This launch follows previous successful gmCauldron implementations on Arbitrum.
🧙🏼♂️! @ethena_labs 🤝🏼 @MIM_Spell 🤝🏼 @chainlink Our ENA cauldron on @arbitrum is now live and ready to roll!🔥 Mint MIM using ENA as collateral natively on Arbitrum, powered by @chainlink price feeds!👇🏻 app.abracadabra.money/#/market/42161…
1/🧙🏼♂️! @elixir 🤝🏼 @MIM_Spell Our $sdeUSD V2 cauldron just received a 2m top up!🔮 Farm up to 120% base APY + Elixir's Potions, all in one place!🧪 app.abracadabra.money/#/market/1/44?… $sdeUSD top ups are selling our fast, so act accordingly!👀🔥👆🏻
🧙🏼♂️! @elixir 🤝🏼 @MIM_Spell sdeUSD base APY is currently sitting above the 38% mark, which adds up to a staggering 220% when using the looping function of the sdeUSD cauldron!🔮 Additionally, your leveraged sdeUSD deposit is also farming Elixir's potion points!🔥👇🏻
🧙🏼♂️! As per SAIP #52.1, our treasury just diversified our treasury farming opportunities into👇🏻 1️⃣ $4m USDT and USDC into MIM-3Crv Liquidity Pool via @StakeDAOHQ and @ConvexFinance 2️⃣ $2m USDT into MIMSwap’s deUSD/MIM Pool @elixir 3️⃣ $1m into USDS staking rewards for $SKY
📊 @MIM_Spell treasury deposited $2M of $MIM on Onlyboost to collect max boosted @CurveFinance $CRV rewards. Showcasing Stake DAO's complete yield optimization suite: • Incentivize on Votemarket • Deposit LP into target gauges • Collect max boosted $CRV rewards on Onlyboost
🧙🏼♂️! Our Single-Sided gmCauldrons are now live on @arbitrum with 1m MIM caps each ready for you to loop up this dip!🔥 @GMX_IO 🤝🏼 @MIM_Spell 🤝🏼 @chainlink Leverage up on your single sided gmBTC and gmETH while remaining exposed to the yield produced, and paying fixed interest
🧙🏼♂️! Our $ZRO cauldron is now live using @chainlink price feeds!🔥 @MIM_Spell 🤝🏼 @LayerZero_Core 1m $MIM are available to be minted on @arbitrum!🔮 Mint it now!👇🏻 app.abracadabra.money/#/market/42161…
🧙🏼♂️! 190% base APY and 29.9x Potion farming!👀🔮 Our staked deUSD cauldron just got a $2M MIM top-up!🔥 1️⃣ Get deUSD on Curve: curve.fi/#/ethereum/poo… 2️⃣ Stake on Elixir in the Apothecary:: elixir.xyz/apothecary 3️⃣ Loop your $MIM position against your staked deUSD to
🧙🏼♂️! Emissions are ramping up to fuel the $MIM looping engine!🔥 Get ready for some boosted APYs for you $USDC, $USDT and $DAI!🔮
📊 @MIM_Spell deposits $240K on Votemarket to incentivize both $veCRV and $vlCVX votes for the @CurveFinance $MIM pool. One of the largest vote incentives ever deposited on Stake DAO Votemarket!
🧙🏼♂️! The largest single top up for our $sdeUSD cauldron just happened!🔥🔮 5m $MIM are available to be minted by @elixir's users!👀🔮 app.abracadabra.money/#/market/1/44?… $sdeUSD top ups are selling our fast, so act accordingly!👀🔥👆🏻
1/🧙🏼♂️! @elixir 🤝🏼 @MIM_Spell Our $sdeUSD V2 cauldron just received a 2m top up!🔮 Farm up to 120% base APY + Elixir's Potions, all in one place!🧪 app.abracadabra.money/#/market/1/44?… $sdeUSD top ups are selling our fast, so act accordingly!👀🔥👆🏻
🧙🏼♂️! @GMX_IO 🤝🏼 @MIM_Spell Our gmCauldrons on Arbitrum are getting a fresh top-up soon, and the reduced borrow fee is live! 🔥 app.abracadabra.money/#/cauldrons Mint and loop seamlessly with gmBTC, gmETH, and gmSOL natively on @arbitrum – all with just a 0.3% minting fee! 🔮
🧙🏼♂️! Another 1.8m top up just happened for gmBTC after the selling out of the previous one!👀 Get ready to roll!👇🏻 app.abracadabra.money/#/market/42161…
🧙🏼♂️! Our gmCauldrons are selling out fast, with just a few millions MIM available for our $gmSOL and $gmETH market!🔥 A new top up may be coming soon Anon, stay ready!👀 @GMX_IO
Abracadabra Suffers Security Exploit, DAO Treasury Fully Reverses Attack Impact
A security vulnerability hit Abracadabra's deprecated V4 cauldrons on Ethereum, allowing an attacker to mint **1.79 million MIM tokens**. **Quick Response** - DAO Treasury immediately identified and mitigated the vulnerability - Bought back all affected MIM from the market - **No user funds were lost** during the incident **Current Status** - Attack effects have been **completely reversed** - Cauldron borrowing temporarily disabled for code review - All systems remain stable **Investigation Ongoing** - Bug bounty offered for information leading to hacker identification - Team reviewing codebase before future deployments - [Transaction details](https://etherscan.io/tx/0xbaede1ddbab71fb48d25139e720356d8c487d47ce4b94aaf683969dc1fb1c984) available on Etherscan This marks another security incident for the protocol, which faced similar exploits in early 2024 affecting V3 and V4 cauldrons.
Abracadabra Launches SPELL Token Bridge to Nibiru Chain
Abracadabra DAO has expanded its cross-chain capabilities by launching SPELL token support on the Nibiru beam bridge. This integration enables users to seamlessly transfer SPELL tokens between Ethereum, Nibiru, and other supported blockchain networks. The expansion follows the successful launch of MIM (Magic Internet Money) on Nibiru Chain in May 2025, which introduced omnichain stablecoin functionality using LayerZero technology. Key Features: - Direct token transfers without wrapping - Cross-chain compatibility - Enhanced capital efficiency - Simplified user experience Users can access the beam bridge at [Abracadabra's Beam Portal](https://app.abracadabra.money/#/beam)
MIMSwap Launches on Nibiru Chain
Abracadabra's MIMSwap has launched on Nibiru Chain, introducing their stablecoin AMM technology to the ecosystem. The platform offers: - Low-slippage trading specifically optimized for stablecoins - Capital-efficient swap mechanisms - Integration with Nibiru's high-performance DeFi infrastructure This follows the recent $MIM token launch on Nibiru via LayerZero's Beaming technology, enabling cross-chain transfers with networks like Ethereum and Arbitrum. The team plans to introduce new liquidity provision opportunities and expand omnichain integrations. To access MIM on Nibiru, users can utilize the [Beam portal](https://app.abracadabra.money/#/beam) for seamless cross-chain transfers.
MIM Stablecoin Launches on Nibiru Chain with LayerZero Integration
Abracadabra Money's $MIM stablecoin has officially launched on Nibiru Chain, featuring seamless cross-chain transfers via LayerZero's Beaming technology. Key features: - Direct transfers between Ethereum, Arbitrum, and other chains - No wrapping or bridging required - Enhanced capital efficiency through omnichain functionality How to use: 1. Visit [Beam portal](https://app.abracadabra.money/#/beam) 2. Select source chain 3. Choose Nibiru as destination 4. Connect wallet and initiate transfer This integration follows a community proposal from December 2023 that outlined infrastructure deployment plans for both $MIM and MIMSwap on Nibiru Chain.
MIM_Spell Launches on Nibiru Chain with Full Suite of DeFi Services
Abracadabra Money's MIM_Spell has officially launched on Nibiru Chain, introducing multiple DeFi capabilities: - MIMSwap Technology integration - SPELL token rewards system - MIM cauldrons deployment - Leveraged yield farming features This launch follows the December 2023 proposal for infrastructure-wide deployment of MIM and MIMSwap on Nibiru. The integration brings comprehensive DeFi functionality to the Nibiru ecosystem. [Read the full announcement](https://mirror.xyz/0x5744b051845B62D6f5B6Db095cc428bCbBBAc6F9/8M3Ph5acSG8_YQYbClyNYGa6c6NNLCegvNFEZ8dYBwU)