MIMSwap Launches on Blast L2 with GOLD Rewards Program
MIMSwap Launches on Blast L2 with GOLD Rewards Program
🧙♂️ MIMSwap Sneaks onto Blast
MIMSwap has officially launched its user interface on Blast L2, establishing the first $MIM swapping platform on the network. The deployment comes after recent proposals to expand MIM issuance and scale markets.
Key updates:
- MIMSwap UI now live on Blast L2
- First-ever $MIM swapping capability on Blast
- Upcoming GOLD token distribution for liquidity providers
- 20% of GOLD allocation reserved for Founders
The launch follows Nibiru Chain's infrastructure proposal for MIM and MIMSwap deployment, indicating continued expansion across networks.
🧙🏼♂️! Two new proposals are live on our Forum to increase $MIM issuances and scale markets up!🆙 Check them out👇🏻
2 new proposals live for discussion and voting on @MIM_Spell👇🏻 1️⃣ Scale up deUSD cauldron from 10m to 20m MIM forum.abracadabra.money/t/saip-54-2-in… 2️⃣ List single sided @GMX_IO cauldrons gmETH-gmBTC forum.abracadabra.money/t/saip-61-add-… $MIM issuance go BRRR, $SPELL holders revenues go BRRRRR
🧙🏼♂️! @NibiruChain posted a proposal on our forum to finalise a infrastructure wide deployement for both $MIM and @MIMSwap!🔥 Deep dive and share your feedbacks!👇🏻 forum.abracadabra.money/t/rfc-deploy-m…
Magic Made Easy 🧙♂️ Nibiru's proposal is live on @MIMSwap and Abracadabra! @MIM_Spell would be Nibiru's foundational stableswap, ensuring deep liquidity and efficient trading for stable pairs across the ecosystem. Integrated with Abracadabra’s Magic Internet Money (MIM) and
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)