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 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)