MIM (Magic Internet Money) is minted against interest-bearing tokens via Abracadabra's Cauldron system. Pioneered isolated lending markets for yield-bearing collateral. Multi-chain with deep Curve liquidity.
Market Cap
$55.3M
Peg Deviation
+0.573%
Compliance Grade
—
Compliance Score
—/100
Issuer & Reserve Details
Issuer
Abracadabra
Issuer Type
Algorithmic Protocol
Treasury Transparency
On-Chain
Backing Type
Crypto-Collateralized
Reserve CompositionMinted against interest-bearing tokens (yvDAI, yvUSDC, xSUSHI, etc.) as collateral via Kashi-based isolated lending pairs (Cauldrons).
Peg MechanismOver-collateralized Cauldron vaults. Liquidation if collateral ratio drops. Curve pool liquidity for peg stability.
Top Yields for MIM
Source: DeFiLlama
| Platform | Chain | Type | Yield Source | APY | TVL | Safety | Links |
|---|---|---|---|---|---|---|---|
 stake-dao |  Ethereum | DeFi | Unknown | 16.53% | $4.8M | D · 54 | |
 beefy | Ethereum | DeFi | Unknown | 16.16% | $3.0M | D · 54 | |
beefy |  Arbitrum | DeFi | Unknown | 10.02% | $1.1M | C · 55 | |
beefy | Arbitrum | DeFi | Unknown | 6.91% | $2.4M | C · 58 | |
 yearn-finance Audited | Ethereum | DeFi | Vault Strategy | 4.79% | $419,051 | B · 81 | |
 convex-finance Audited | Ethereum | DeFi | Vault Strategy | 4.00% | $6.5M | A · 85 | |
beefy | Ethereum | DeFi | Unknown | 3.74% | $1.9M | C · 62 | |
 curve-dex Multiple Audits |  Avalanche | DeFi | LP Fees | 2.75% | $142,473 | B · 83 |
Audit & Attestation History
No audit records available
Attestation reports will appear here when available
Disclaimer: Compliance scores are for informational purposes only and do not constitute financial or legal advice. Regulatory scores are based on the GENIUS Act (S.1582) and CLARITY Act (H.R.3633) frameworks using publicly available information. The GENIUS Act takes effect no later than January 18, 2027. Always conduct your own research.
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