The evolution of decentralized banks: Abracadabra Money


Quick Take

  • This research piece gives an in-depth overview of Abracadabra Money and analyzes it against its peers, MakerDAO and Alchemix
  • Abracadabra is a multi-chain decentralized bank that issues its native stablecoin, Magic Internet Money (MIM) via yield-bearing asset
  • Danielle, the mastermind behind Abracadabra, is employing an aggressive expansion to various multi-chain and protocol integration
  • Abracadabra currently earns higher revenue than MakerDAO and shares the income with its token holders

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