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Abracadabra.Finance Loses $13M in ETH from Smart Contract Compromise Targeting GMX Cauldrons
Abracadabra Finance drained of estimated $6.4 million in apparent security attack
Breaking the DeFi spell: Abracadabra DAO mulls centralized entity
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Abracadabra is a cross-chain stablecoin lending protocol that allows users to provide collateral in the form of various interest-bearing crypto assets, such as yvYFI, yvUSDC, xSUSHI, and more. With Abracadabra, users can use the interest-bearing tokens they get from staking in vaults as collateral to mint Magic Internet Money (MIM), Abracadabra's USD-pegged stablecoin, and use it for other purposes.

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