MIMSwap Liquidity Provider Rewards and Point Distributions on Blast L2

🧙‍♂️ Rewards Unlocked!

By Abracadabra
Apr 11, 2024, 6:38 PM
twitter
News article
Photo by Abracadabra

Abracadabra has announced that gold and point distributions for MIMSwap liquidity providers have started on the Blast L2 network.​ Liquidity providers can stake and lock their positions to earn a share of the 100,000 GOLD tokens received by the Abracadabra DAO.​ Details on current and future distributions are available in their latest Mirror article.​ Previously, the MIMSwap user interface went live on Blast L2, allowing for swapping of the MIM stablecoin.​ A portion of GOLD distributions is being awarded to founders.​ The project's Liquidity Lockup Event (LLE) Phase 2 is underway, giving users a final chance to gain the Founder's Boost on Blast L2 before the MIMSwap launch.​

Sources
Read more about Abracadabra

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.

Rehide Launches New Vault System with ZK Encryption and Multi-Device Sync

Rehide has introduced a comprehensive vault system designed to enhance Web3 security and accessibility. **Key Features:** - **Encrypted ZK receipts** and privacy credentials for enhanced transaction privacy - **Multi-device synchronization** for seamless access across platforms - **Passkey support** for modern authentication - **Offline Recovery Kit** for backup security All keys remain end-to-end encrypted, maintaining zero-knowledge architecture. The system builds on Rehide's existing Web3 wallet integration, which already provides secure password storage and encrypted data sharing. Users maintain complete control over their data while benefiting from improved accessibility and recovery options.

Abracadabra V2 Introduces Six-Step Privacy-Enhanced Borrowing Flow

Abracadabra Money has unveiled its V2 platform featuring a streamlined six-step process for privacy-focused DeFi borrowing: - **Add collateral** to secure your position - **Borrow MIM** (Magic Internet Money) stablecoin - **Route through ZK privacy pool** for enhanced transaction privacy - **Spend or repay** with flexible options - **Vault-backed receipts** for proof of holdings - **Full controls in one app** for simplified management The new version integrates zero-knowledge privacy technology directly into the borrowing workflow, allowing users to maintain confidentiality while accessing DeFi lending services. All operations are managed through a single unified interface.