Abracadabra Money Announces 1.8M gmBTC Top-up
Abracadabra Money Announces 1.8M gmBTC Top-up
🧙♂️ Fresh gmBTC Just Dropped
Abracadabra Money has executed another 1.8M top-up for gmBTC following a complete sellout of the previous allocation. This marks the latest expansion in response to high market demand.
- Previous gmBTC and gmETH offerings sold out rapidly
- New 1.8M gmBTC allocation now available
- Access through Arbitrum network
Users can access the new allocation through the Abracadabra platform. Limited availability expected based on previous demand patterns.
Abracadabra Promises MIM Depeg Recovery Roadmap This Week
Abracadabra is finalizing an action plan to restore the $MIM stablecoin peg and improve protocol health, with a roadmap expected this week. **Emergency measures already implemented:** - Gradual interest rate increases across all Cauldrons to encourage debt repayment - Temporary suspension of direct incentives and Curve bribes - Leveraging natural arbitrage incentive for borrowers to repay debt at discount The team acknowledged community support and apologized for communication gaps during the crisis.
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).
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.