Abracadabra

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.

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)

Abracadabra Money DAO announces plans to incubate PurrSwap, a new AMM built on MIMSwap technology for the HyperEVM ecosystem. Key developments: - PurrSwap will focus initially on stable asset exchanges - Volatile trading pairs planned post-mainnet launch - Integration with Abracadabra cauldrons forthcoming - VE(3,3) tokenomics model to be implemented The partnership aims to establish PurrSwap as the primary liquidity hub for HyperEVM, leveraging Abracadabra's existing technology to capture trading volume and provide deep liquidity pools. [Learn more about the proposal](https://forum.abracadabra.money/t/aip-67-strategic-incubation-of-purrswap-hyperevm-dex/4893)

Abracadabra DAO's AIP #67 has passed, marking the launch of PurrSwap - the first liquidity marketplace on HyperEVM powered by MIM technology. Key features: - VE(3,3) tokenomics model for comprehensive liquidity - Low slippage pair swaps - Deep liquidity pool integration - Planned integration with Abracadabra cauldrons This strategic move positions Abracadabra at the forefront of HyperEVM infrastructure, aiming to establish MIM and PurrSwap as the primary liquidity hub. For more details: [Forum Discussion](https://forum.abracadabra.money/t/aip-67-strategic-incubation-of-purrswap-hyperevm-dex/4893)

Abracadabra Money's AIP #65 has passed, ending support for products on Fantom following Sonic's launch. Four deprecated cauldrons with ~110k MIM exposure will be affected. **Critical Deadlines:** - March 4th: Liquidation of unclosed Cauldron positions - April 11th: Final date for bridging MIM back from Fantom *Note: Fantom SPELL recovery from Multichain exploit will be addressed separately.* Previous update: AIP #48 passed, initiating interest rate increases for Ethereum Mainnet cauldrons to enhance DAO revenue. [Forum Discussion](https://forum.abracadabra.money/t/aip-65-discontinuation-of-fantom-markets-and-ending-abracadabra-support-on-fantom-chain/4897)

**Key Updates**: - MIM is now operational on Berachain mainnet - KodiakFi and InfraredFinance cauldrons launching soon - SPELL's first omnichain deployment received DAO approval, utilizing LayerZero technology This expansion follows the successful Q5 launch and implementation of MIM/Honey vaults through KodiakFi and InfraredFinance Boyco platforms. *Stay tuned for further developments on Berachain.*

Abracadabra Money has launched AIP #62, proposing deployment of MIMSwap and Abracadabra protocols on Nibiru Chain. - Proposal follows December's RFC for infrastructure-wide deployment of $MIM and MIMSwap - Community discussion ongoing at Abracadabra forum - Twitter Space scheduled for January 23rd with LickMyRomy and Nibiru Chain team The initiative aims to expand Abracadabra's ecosystem through strategic integration with Nibiru Chain. Community members can review and provide feedback on the proposal through the official forum.

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.