Abracadabra Money

Project description: Abracadabra is one of the leading decentralized lending platforms in DeFi. We provide loans in our collateral-backed stablecoin, Magic Internet Money (MIM), against a wide vari...

Updates About Funding Impact

Abracadabra Money

Updates About Funding Impact

Grant Update
Update 0x275ae5
Updates can be found here: https://gov.optimism.io/t/draft-gf-phase-1-proposal-abracadabra-money-cycle-8/2918
Apr 8, 2024
Grant Approved
Optimism - Cycle 7 grant
How much will your project match in co-incentives?: We are currently matching the grant 102%. We are prepared to deploy up to 12M (~$11K) $SPELL tokens to hit our stated goal of 15% APY. Over the course of a year, this will equate to $570K+ of SPELL incentives (vs. the $560K of $…
Apr 8, 2024

Grant Update
Update 0x275ae5
Updates can be found here: https://gov.optimism.io/t/draft-gf-phase-1-proposal-abracadabra-money-cycle-8/2918
Apr 8, 2024
Grant Approved
Optimism - Cycle 7 grant
How much will your project match in co-incentives?: We are currently matching the grant 102%. We are prepared to deploy up to 12M (~$11K) $SPELL tokens to hit our stated goal of 15% APY. Over the course of a year, this will equate to $570K+ of SPELL incentives (vs. the $560K of $…
Apr 8, 2024