FreeCryptoCurrency.Me

Free stocks and money too!

The evolution of decentralized banks: Abracadabra Money

The evolution of decentralized banks: Abracadabra Money

Quick Take

  • This research piece gives an in-depth overview of Abracadabra Money and analyzes it against its peers, MakerDAO and Alchemix
  • Abracadabra is a multi-chain decentralized bank that issues its native stablecoin, Magic Internet Money (MIM) via yield-bearing asset
  • Danielle, the mastermind behind Abracadabra, is employing an aggressive expansion to various multi-chain and protocol integration
  • Abracadabra currently earns higher revenue than MakerDAO and shares the income with its token holders

This research piece is available to
members of The Block Genesis.
You can continue reading
this Genesis research on The Block.

Go to Source
Author: Erina Azmi


Follow by Email
Facebook20
Pinterest20
fb-share-icon
LinkedIn20
Share