MIMSwap Launches New Pools on Arbitrum with ARB Rewards
MIMSwap Launches New Pools on Arbitrum with ARB Rewards
🧙♂️ Magical yields await
MIMSwap has introduced two new pools on the Arbitrum network, offering substantial rewards in ARB tokens. The MIM/USDC pool has been allocated 30,000 ARB, while the MIM/USDT pool received 15,000 ARB. These pools are part of the STIP bridge ARB rewards program and are now available for users. The new offerings provide an opportunity for stablecoin yield farming, with potential returns exceeding 50% APY. Participants can earn rewards in both SPELL and ARB tokens. This development follows MIMSwap's recent expansion to other networks and the growing success of its existing pools on various platforms.
🧙🏼♂️! @MIMSwap is now deployed on @KAVA_CHAIN!⛓️💥 Enjoy $KAVA rewards on our first $MIM - $USDT pool now, currently sitting above the 137% mark!💦👇🏻 app.abracadabra.money/#/pool/1/2222 20,000 $KAVA tokens have been deposited for the first week, with more coming SOON ™️!👀
🧙🏼♂️! The $MIM - $fxUSD pool on @CurveFinance, launched together with @protocol_fx is now ready for deposits and farmers!🔥 Enjoy it!👇🏻
Have the @MIM_Spell 🧙♂️'s done some spells on the MIM-fxUSD pool? 👀 Up to 1,600% APY 👇 fx.aladdin.club/earn/
🧙🏼♂️! Our @arbitrum $MIM - $USDT pool on @MIMSwap has reached more than 1m in TVL in less than 5 days!🔥👇🏻 app.abracadabra.money/#/pool/1/42161 $ARB STIP rewards are gonna be heavily directed towards it as soon as available, get ready!🔮👀
1/🧙🏼♂️! @MIMSwap stableswap infrastructure is now live on @arbitrum with the first $MIM - $USDT Pool!👇🏻 app.abracadabra.money/#/pool/1/42161 15m $SPELL have been added as LPers rewards, with further ARB rewards coming from the STIP program coming early next week!🔥 To join👇🏻 1️⃣LP on
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.