Abracadabra Spell (SPELL)

Total Value Locked$30.18m
Chain Breakdown
Arbitrum$19.55m
Ethereum$7.63m
Blast$2.15m
BSC$471,225
Avalanche$254,117
Kava$85,755
Fantom$37,948
OP Mainnet$0
$829,476
$7.11m

Protocol Information

Abracadabra.money is a spell book that allows users to produce magic internet money ($MIM) which is a stable coin that you can swap for any other traditional stable coin.

Category:CDP

Audits:

Development Activity

(updated at 30/04/25)

Weekly commits: 1
Monthly commits: 22
Weekly developers: 1
Monthly developers: 5

Last commit: 2 days ago (2025-04-30)

Token Information

Address:0x090185...37e5f6

Methodology

Fees: Interest paid by borrowers

Revenue: Interest paid by borrowers

Hacks

Date:3/25/2025 (1 months ago)

Amount:$13m

Classification:Protocol Logic

Technique:

Chain:Arbitrum

Returned Funds:$0

Source

Date:1/30/2024 (15 months ago)

Amount:$6.5m

Classification:Protocol Logic

Technique:Borrow Logic Exploit

Chain:Ethereum

Returned Funds:$0

Source