Abracadabra Spell
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Protocol TVL
About Abracadabra Spell
Abracadabra.money is a spell book that allows users to produce magic internet money ($MIM) which is a stable coin that you can swap for any other traditional stable coin.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Abracadabra Spell codebase lineage and protocol family
Abracadabra Spell is published as a versioned release inside the Abracadabra protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.
Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Parent Protocol
Abracadabra Spell is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.
AbracadabraAbracadabra Spell Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Nov 7, 2022FTX collapse, Alameda repays FTT loans
- May 7, 2022UST depeg
- Jan 27, 20220xSifu revealed as QuadrigaCX founder
Protocol Profile
Abracadabra Spell is a CDP protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed across 8 chains, including Arbitrum, Ethereum, Blast, Binance and 4 other chains. The codebase has been independently audited (1 report on file). DeFiLlama tracks 3 historical events for this protocol since 2022.
TVL Distribution by Chain
TVL spans 7 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Abracadabra Spell runs a multi-chain deployment, with smart contracts live on 8 networks. Roughly 97% of its on-chain value sits on just three networks (Arbitrum, Ethereum, Blast), so a fault on any one of them would affect a large slice of users. Price discovery relies on 2 oracle providers (Chainlink, RedStone), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.
Official Resources & Links
Verified external resources for Abracadabra Spell — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other CDP protocols on Mantapex
Abracadabra Spell is one of 7 CDP protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Sky Lending, USDD, Lista CDP, and 3 more. These peer protocols collectively secure $9.2B in deposits, giving you a frame of reference for whether Abracadabra Spell's own TVL is at the top, middle, or tail of the category.
Treasury
Recent Abracadabra Spell news
Latest reporting from major crypto news outlets covering Abracadabra Spell.
- AMBCrypto
Will support from BSC and Fantom do the magic for Abracadabra's SPELL
Over the last few years, there's been a steady rise of lending protocols which has not only pushed the narrative for such protocols but also the market size of the sector. In…
- CryptoSlate
DeFi platform MIM Spell offers 20% bounty to hacker after $12.9 million ETH heist
Blockchain security firm Cyvers has reported a major security breach that affected DeFi platform Abracadabra's MIM_Spell platform. The attack led to the loss of 6,262 ETH,…
- InvestingCube
Spell Token Price Prediction: Abracadabra's Fall from Grace
The Spell Token price has crashed hard in the past few weeks as investors worry about Abracadabra's ecosystem.
- InvestingCube
SPELL Token Price Prediction: Abracadabra Loses 90% TVL
Our SPELL token price prediction is still bearish as the price has failed to generate any reversal signal.
- InvestingCube
Spell Token Price Prediction as Abracadabra Implodes
The Spell token price has been in a consolidation phase in the past few months as activity in Abracadabra plummets.
- InvestingCube
Spell Token Price Prediction as Abracadabra's TVL crashes
What is the outlook of the Spell Token price? We explain what to expect now that the Abracadabra total value locked has crashed.
- InvestingCube
Spell Token Price Prediction as Abracadabra Crashes to All-Time Low
What is the outlook of the Spell Token price as the Abracadabra price crashed to an all-time low and what next?
- CryptoTicker
Everything You Should Know About The Rise and Fall of The SPELL Token
This post is about SPELL Token from Abracadabra Money. This article is covering important questions like What is SPELL token and why did the SPELL crash
Related protocols
Other DeFi protocols connected to Abracadabra Spell by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other CDP protocols
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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