Abracadabra

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.

The platform has integrated the Notifi Network notification system for its markets on Ethereum, Arbitrum, Avalanche, and other networks. Users can now sign up for the Notifi system and receive alerts on Telegram, Email, and Discord when their position approaches liquidation. The platform offers borrowing, leveraging, and yield earning services.

After the approval of AIP #48, Abracadabra has been positioned as a leading platform for using ETH and similar products as collateral, while increasing DAO revenues. The DAO vote has highlighted Abracadabra's capabilities in borrowing, leveraging, and earning yield.

MIM Spell, a prominent figure in the cryptocurrency space, has announced the launch of a dedicated reward page for the Blast L2 ecosystem. This move aims to address the ongoing discussions and uncertainty surrounding rewards within the Blast L2 ecosystem. The new reward page will provide liquidity providers and users with clear and transparent information about reward distributions, ensuring they have a comprehensive understanding of what they are signing up for. This initiative aligns with Blast L2's mission of offering borrowing, leveraging, and yield earning opportunities within its community.