Abracadabra

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.

Abracadabra Money has launched new Single-Sided gmCauldrons on Arbitrum, featuring: - 1M MIM cap for each cauldron (gmBTC and gmETH) - Chainlink oracle integration for BTC/ETH pricing - Fixed interest rates - Yield exposure while leveraging positions The new cauldrons allow users to leverage their gmBTC and gmETH positions while maintaining exposure to underlying yield generation. This launch follows previous successful gmCauldron implementations on Arbitrum.

Abracadabra Money has executed another 1.8M top-up for gmBTC following a complete sellout of the previous allocation. This marks the latest expansion in response to high market demand. - Previous gmBTC and gmETH offerings sold out rapidly - New 1.8M gmBTC allocation now available - Access through Arbitrum network Users can access the new allocation through the Abracadabra platform. Limited availability expected based on previous demand patterns.

Abracadabra Money has introduced two new features in partnership with Usual Money: 1. USD0++ Cauldron: - Use USD0++ as collateral to mint $MIM - Leverage up pill earnings - Available at: https://app.abracadabra.money/#/market/1/45 2. MIM/USD0 Liquidity Pool: - Open for deposits - Offers Pills rewards for LPers - Access at: https://app.abracadabra.money/#/pool/2/1 *Note*: Leverage pills farming cauldrons may fill up quickly. Users are advised to act promptly and enable notifications for future updates.

LayerZero Core is persistently advancing its Omnichain development, as evidenced by recurring updates. The project aims to create a seamless, interconnected blockchain ecosystem. Key points: - Consistent progress in Omnichain technology - Regular updates indicate active development - Goal: Create an interconnected blockchain network LayerZero's efforts could potentially revolutionize cross-chain interactions, enhancing interoperability in the blockchain space. **Stay tuned** for further developments in this innovative project.

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.

In a surprising turn of events, Blast L2 has reduced MIMSwap's GOLD allocation by more than 99.5%, from 100k to 500 gold, despite the growth of MIMSwap's stableswap infrastructure. This move comes as a shock, as MIMSwap has seen significant success, with over $11 million in liquidity provided on its decentralized exchange (DEX) infrastructure and more than 1,600 active users in the last three weeks. MIMSwap has been attempting to establish communication with the Blast team but has been consistently ignored. In response, Abracadabra DAO plans to post a proposal within the next two weeks to initiate the distribution of Potion Points for MIMSwap founders. The DAO hopes to rectify this misunderstanding and gain support from the Blast L2 ecosystem for successful products like MIMSwap.

Abracadabra has successfully completed its first distribution of Gold tokens to liquidity providers on MIMSwap. Over 98,000 Gold tokens, worth approximately $12.6 million, have been distributed to 1,659 addresses participating as liquidity providers. The distribution is the first of its kind, and more Gold distributions are expected as additional tokens become available.

The Spell Token Incentive Program (STIP) on Arbitrum has concluded successfully, meeting and exceeding liquidity targets. MIM native borrows peaked at 28.1 million, with 26% of the MIM supply residing on Arbitrum. The community is encouraged to review the final forum report for comprehensive details.

Lodestar Finance, a decentralized finance platform, has announced support for MIM, a stablecoin, on the Arbitrum network. This integration will allow users to borrow, leverage, or earn yield with MIM on the Arbitrum blockchain.