Abracadabra Money Announcement Channel
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Official Announcement Channel of Abracadabra Money!๐Ÿช„๐Ÿง™๐Ÿผโ€โ™‚๏ธ
Join our Discord for Support or join the community: https://discord.com/invite/mim
Official Website: https://abracadabra.money/
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๐Ÿง™๐Ÿผโ€โ™‚๏ธ!

A new $sSPELL lending market with Chainlink oracle is here!

-Interest 0.5%
-Liquidation Fee 10%
-LTV 80%
-Opening Fee 0.5%

The previous cauldron has been discontinued. It can still be used, but no more $MIM replenish will happen!๐Ÿ›‘

๐Ÿ”ฅ Get Started: https://abracadabra.money/pool/22
๐Ÿฆ Share our latest Tweet: https://twitter.com/MIM_Spell/status/1453481698793070596
๐Ÿง™๐Ÿผโ€โ™‚๏ธ!

Convex Finance ๐Ÿ”ฎ Curve Finance

Our fixed, new 3Crv LP cauldron, boosted with @ConvexFinance rewards, is here!๐Ÿช„

Read more๐Ÿ‘‡๐Ÿป

Deposit 3Crv LP tokens directly on http://abracadabra.money/, and receive cvx3pool tokens in exchange!๐Ÿ”ฎ

cvx3pool holders are able to claim boosted $CRV and $CVX rewards on Convex Finance, despite having their cvx3pool used as collaterals!

If you had funds in the two previous cvx3pool markets, and wish to borrow more MIMs, you need to:

1๏ธโƒฃ Repay and Remove collateral.
2๏ธโƒฃ Unwrap the old cvx3pool into 3Crv LP tokens.
3๏ธโƒฃ Deposit the 3Crv to get the new cvx3pool tokens!

You can now use your new cvx3pool tokens to borrow $MIM or leverage your position in our new market!๐Ÿ”ฅ

-Interest 1.5%
-Liquidation Fee 4%
-LTV 92%
-Opening Fee 1%

๐Ÿ”ฅ Get Started here: abracadabra.money/pool/25
๐Ÿฆ Share our latest tweet: https://twitter.com/MIM_Spell/status/1456746056125927427
๐Ÿง™๐Ÿผโ€โ™‚๏ธ!

http://abracadabra.money/ has landed on #BSC with two markets: $wBNB and $CAKE!๐Ÿ”ฅ

In order to try something new to allow everyone to get their $MIMs, the top ups for these cauldrons have not happened yet!๐Ÿ”ฎ

Switch your network to #BSC, deposit collaterals and wait for the top up to start borrowing!

You can't borrow yet, just deposit collateral until the replenish! Follow the discord cahnnel โ”‚๐Ÿ’ธโ”‚โ€บ-mim-replenishes to find out wen!

Remember that the only official $MIM on #BSC are those bridged through Anyswap!๐ŸŒ

๐ŸŒ‰ Bridge MIM: https://anyswap.exchange/#/router

๐Ÿ“– MIM Address on #BSC: https://bscscan.com/address/0xfe19f0b51438fd612f6fd59c1dbb3ea319f433ba

๐Ÿฆ Share our latest tweet: https://twitter.com/MIM_Spell/status/1461770677892046860
๐Ÿง™๐Ÿผโ€โ™‚๏ธ!

Two new $JLPs market are launching today, both hosted by our #Degenbox!๐Ÿ”บ

Find out more๐Ÿ‘‡๐Ÿป๐Ÿ”ฎ

1๏ธโƒฃ Provide liquidity to the $MIM / $AVAX pair on Trader Joe, and use your $JLPs to mint $MIM or leverage your position in our new market!๐Ÿ‘‡๐Ÿป

-Interest 1%
-Liquidation Fee 8%
-LTV 85%
-Borrow Fee 0.5%

๐Ÿ”บ Get Started: https://abracadabra.money/pool/7

2๏ธโƒฃ Provide liquidity to the $USDT.e / $AVAX pair on Trader Joe, and use your $JLPs to mint $MIM or leverage your position in our new market!๐Ÿ‘‡๐Ÿป

-Interest 3%
-Liquidation Fee 8%
-LTV 85%
-Borrow Fee 0.5%

๐Ÿ”บ Get Started: https://abracadabra.money/pool/6

3๏ธโƒฃ Our #Degenbox strategy for the $xJOE cauldron is now live!๐Ÿ”ฅ

No matter when you deposited your collateral, you are now earning extra $xJOE rewards!

Both of these markets are built on our #Degenbox, in the future they can be integrated into farming strategies, without the need for users to migrate their collateral!๐Ÿ”ฅ๐Ÿ“ฆ

๐Ÿ“– Read more about #Degenbox here: https://docs.abracadabra.money/our-ecosystem/our-contracts#our-degenbox-contracts

Share our latest tweet: https://twitter.com/MIM_Spell/status/1463580756454879241
๐Ÿง™๐Ÿผโ€โ™‚๏ธ!

First and foremost, we would like to say a huge "Happy Thanksgiving" to all of our Wizards!๐Ÿฆƒโค๏ธ

Secondly, our Degenbox strategy is now live for every Trader Joe LP cauldrons on #Avalanche!

If you had a position open in one of the JLPs markets, you are already earning additional JLPs rewards!๐Ÿ”ฅ

๐Ÿ“– Read more about it: https://abracadabramoney.medium.com/our-jlps-degenbox-strategy-f367fb951fe1

๐Ÿฆ Share our latest tweet: https://twitter.com/MIM_Spell/status/1463921803441713153

Have a great day guys!๐Ÿ”ฎ