Abracadabra takes emergency action as MIM stablecoin depeg worsens

Abracadabra raised interest rates after its Magic Internet Money stablecoin fell more than 50% below its $1 peg on Wednesday.
Crowdfund Insider

Security Breach Targeting Magic Internet Money (MIM) Stablecoin Analyzed By CertiK

The decentralized finance (DeFi) community was once again rattled by a significant security breach targeting Magic Internet Money (MIM), a USD-pegged stablecoin issued by the Abracadabra protocol.
WGNO

Strengthening DeFi with $FELIX: Enhanced Security & Innovative Tokenomics

PHOENIX , July 04, 2023 (GLOBE NEWSWIRE) -- In this piece, we will explore the most recent developments from the Magic Bag team, with a broader emphasis on their ongoing initiatives to bolster ...
Investing

DeFi pulls the curtain on financial magic, says EU Blockchain Observatory expert

DeFi pulls the curtain on financial magic, says EU Blockchain Observatory expert ...