✓DeFi focused ✓Staking ✓Mint Magical Internet Money
Spell Token is the governance token for the Abracadabra platform that lets users deposit interest-bearing crypto assets, such as yvUSDC, yvYFI, and xSUSHI, and mint the MIM (Magical Internet Money) stablecoin. The MIM can then be exchanged for other stablecoins. Collateral can then be unlocked when MIM is returned to the platform.