Boosted farms on Abracadabra delivering over 40% APY for USDC and USDT deposits
Boosted farms on Abracadabra delivering over 40% APY for USDC and USDT deposits
With the new deposited rewards, the STIP boosted farms on Abracadabra are currently delivering more than 40% APY for USDC and USDT deposits. Joining the Abracadabra LP incentives program on Arbitrum is simple and fast. Start farming your STIP incentives now.
1/🧙🏼♂️! Our gmCauldrons are now topped up and ready to be used!🔥 You can now loop yield farm the following markets!👇🏻 1️⃣ gmETH 2️⃣ gmARB 3️⃣ gmBTC 4️⃣ gmSOL Head over to app.abracadabra.money/#/arb-cauldrons and enjoy triple digit yields on your favourite gmAssets!🔮 @GMX_IO
🧙🏼♂️! New $ARB and $SPELL rewards have been deposited into the $MIM / $USDC / $USDT pool on @arbitrum! 1) Deposit $USDC or $USDT here👇🏻 curve.fi/#/arbitrum/poo… 2) Deposit your received LP tokens here👇🏻 app.abracadabra.money/#/farm/4 You can now enjoy 75% APY on your stables!🔥
🧙🏼♂️! Week 4 of the STIP rewards has just been deposited in our MIM LP rewarders!🔮 - 110k ARB and 13m SPELL for the @CurveFinance pool - 5k ARB for the @CamelotDEX pool app.abracadabra.money/#/arb-cauldrons An additional top up of 1m $MIM for gmBTC and gmETH is ready to be executed!🔥
🧙🏼♂️! Thanks to the overwhelming demand for our gmCauldrons, a further top up of 1m $MIM has been executed for both gmETH and gmBTC!🔥 app.abracadabra.money/#/arb-cauldrons In less than a week since launch, the total amount of MIM borrowed on @arbitrum soared to more than 13.8m!🔥 @GMX_IO
🧙🏼♂️! With the new deposited rewards, our STIP boosted farms are currently delivering more than 40% APY for $USDC and $USDT deposits!🔥 Joining Abracadabra LP incentives program on @arbitrum is simple and fast!👇🏻🔮 app.abracadabra.money/#/farm/4 Happy LPing!💦🚜
🧙🏼♂️! Week 4 of the STIP rewards has just been deposited in our MIM LP rewarders!🔮 - 110k ARB and 13m SPELL for the @CurveFinance pool - 5k ARB for the @CamelotDEX pool app.abracadabra.money/#/arb-cauldrons An additional top up of 1m $MIM for gmBTC and gmETH is ready to be executed!🔥
🧙🏼♂️! STIP's rewards to the $MIM / $ARB pool on @CamelotDEX are now live!🔮 4k $ARB tokens will be distributed to this pool over the next 2 weeks!🔥 LP directly on Camelot, and deposit your LP tokens in a vault to scoop up those Nitro APYs !💦👇🏻 app.camelot.exchange/liquidity/?tok…
EPOCH 2 OF $ARB INCENTIVES IS NOW LIVE 🏆 Camelot has been granted 3,000,000 $ARB to distribute for incentives until Feb 24. Incentives are adjusted every epoch, each lasting 2 weeks. Over 60 pools & 45 partners are receiving ARB rewards; read below for the latest details 👇🧵
🧙🏼♂️! The third week of STIP incentives is here!🔮👇🏻 - 85k $ARB for the MIM-2CRV pool on @CurveFinance! - 5k $ARB on merkl.angle.money for the @CamelotDEX MIM/USDC pool! Enjoy APYs above the 30% on your stablecoins, while getting ready for more gmCauldrons top ups!🔥
🧙🏼♂️! Less than 24h after the STIP rewards launch👇🏻 1️⃣ Doubled TVL on the @CurveFinance Pool, with $4.2m in new deposits. 2️⃣ LP farming APR still sitting above 58%. 3️⃣ gmCauldrons ready to be deployed. The @arbitrum STIP effect is finally on Abracadabra!🔮 Enjoy it!🔥
1/🧙🏼♂️! ARB received through the STIP process are now ready to be distributed!🔥 Start LPing now!👇🏻 app.abracadabra.money/#/arb-cauldrons LP $MIM/2CRV on @arbitrum and enjoy triple digits new $ARB and $SPELL boosted rewards!🔮 mirror.xyz/0x5744b051845B…
🧙🏼♂️! Due to overwhelming demand, gmBTC and gmETH have sold out rapidly. We're gearing up for another top up, that just got executed!🔥 Timing is key, as availability is expected to be limited.⏱️ Stay tuned for updates and be ready to act fast: 👇🔮 app.abracadabra.money/#/arb-cauldrons
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)