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 🤝🏼 @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 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.