With the recent launch of the Nibiru EVM, the ecosystem now requires an efficient stable swap mechanism — and Abracadabra’s MIMSwap is here to fill that role. MIMSwap, Abracadabra’s innovative AMM DEX, is purpose-built for the exchange of tightly pegged assets, enabling users within the Nibiru ecosystem to provide liquidity and earn yield on their stablecoins. To boost rewards even further, users can stake their MagicLP tokens, compounding their earnings on stablecoin assets. In addition to MIMSwap, Abracadabra is introducing two powerful cauldrons on Nibiru: SyrupUSDC and stNIBI, unlocking even more high-yield opportunities for DeFi users seeking sustainable and attractive returns.

Abracadabra integrated Hexagate for automated incident response, configuring it to halt borrowing in cauldrons across supported chains when detecting high or critical issues in monitored contracts. This was achieved through a single permissioned call to the Cauldron Owner contract. The monitors were systematically set up for all cauldron deployments listed in the abracadabra-money-contracts GitHub repository as of 07/02.

Last week, our Liquidity Launch Event concluded and over $9M worth of assets were migrated to MIMSwap. With this migration, 71% claimed their founder status which resulted in $4M magicLP locked for 3 months.

As we stride into the groundbreaking Phase 3 and the launch of MIMSwap, the anticipation within our community reaches its peak. This pivotal moment not only marks a significant milestone in our journey but also heralds the last opportunity for our valued participants to secure a status:

MIMswap contracts are now ready to roll, and we are fully diving into Phase 2! This article outlines what Phase 2 entails as well as what to expect from the migration process between the Liquidity Launch Event (LLE) contracts and the live MIMswap pool.

As we approach the pivotal migration from the Liquidity Launch Event (LLE) to the MIMSwap pool, we are excited to announce an exclusive, one-time-only opportunity for our earliest supporters:

The Liquidity Launch Event (LLE) is drawing to a close in just under three days. Participants have already contributed over $6 million in USDB and $3.5 million in MIM, setting the stage for the launch of Abracadabra's innovative stableswap AMM with these contributions being transformed into Magic Liquidity Provider tokens (magic LPs).

We’re thrilled to announce our expansion onto Blast L2, introducing a suite of innovations that promise to redefine your experience. In addition to Blast developer points, Abracadabra introduces Potion Points, our unique currency that lays the groundwork for an incoming SPELL airdrop upon the token's deployment on Blast.

Dear Abracadabra Community,