MIM Spell
Verified Creator
Borrow, Leverage or Earn Yield. ๐ฅ Enjoy the Magic #Wizard. ๐ฎ $MIM $SPELL.
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๐ง๐ผโโ๏ธ!
Wizards have been spotted on @NibiruChain ๐๐งโโ๏ธ
Looks like @MIM_Spell has opened a portal.
โ MIMSwap Technology
โ $SPELL rewards
โ $MIM cauldrons
โ Leveraged yield farming
Nibiru just got spellbound ๐ฎ๐๐ป
https://mirror.xyz/0x5744b051845B62D6f5B6Db095cc428bCbBBAc6F9/8M3Ph5acSG8_YQYbClyNYGa6c6NNLCegvNFEZ8dYBwU
Wizards have been spotted on @NibiruChain ๐๐งโโ๏ธ
Looks like @MIM_Spell has opened a portal.
โ MIMSwap Technology
โ $SPELL rewards
โ $MIM cauldrons
โ Leveraged yield farming
Nibiru just got spellbound ๐ฎ๐๐ป
https://mirror.xyz/0x5744b051845B62D6f5B6Db095cc428bCbBBAc6F9/8M3Ph5acSG8_YQYbClyNYGa6c6NNLCegvNFEZ8dYBwU
$13M exploit.
50% repaid in less than 36h. Zero user funds lost.
Abracadabra isnโt backing down
We are rebuilding stronger with @berachain , @NibiruChain, and @PurrSwap_ expansions.
SPELL emissions on pools are uninterrupted, with new avenues arriving.
Full remediation by mid-2025.
Treasury holdings at around $19m pre repayment, liquid assets.
Trust, transparency, and action.
50% repaid in less than 36h. Zero user funds lost.
Abracadabra isnโt backing down
We are rebuilding stronger with @berachain , @NibiruChain, and @PurrSwap_ expansions.
SPELL emissions on pools are uninterrupted, with new avenues arriving.
Full remediation by mid-2025.
Treasury holdings at around $19m pre repayment, liquid assets.
Trust, transparency, and action.
Security Update:
The hackers's funds have been consolidated over 3 wallets:
-0x018182FD7B856AeE1606D7E0AA8bca10F1Cb0b5d
-0xa8f822E937C982e65b0437Ac81792a3AdA76A1ff
-0x047C2a3dd1Ab4105B365685d4804fE5c440B5729
We have the full might of @chainalysis and @zeroshadow_io
behind us, through our Crypto Incident Response partnership, which is tapping into their extended network of exchanges and partners as well as successfully tracking the moved funds.
We have also reached out to the attacker via an on-chain message, offering a chance to return the funds and qualify for a bug bounty.
Transactions with message:
https://t.co/sPqRZVwuoA
https://t.co/bM0mCK38bP
https://t.co/1N3u7uTXu9
Reach out at [email protected], on chain to our treasury address on ETH 0xDF2C270f610Dc35d8fFDA5B453E74db5471E126B or our deployer addresses (eg 0xfddfE525054efaAD204600d00CA86ADb1Cc2ea8a).
A full post mortem is coming in the upcoming days.
We thank you all for your patience and support during these challenging times.
The rest of the Abracadabra products remain unaffected by this incident.
The hackers's funds have been consolidated over 3 wallets:
-0x018182FD7B856AeE1606D7E0AA8bca10F1Cb0b5d
-0xa8f822E937C982e65b0437Ac81792a3AdA76A1ff
-0x047C2a3dd1Ab4105B365685d4804fE5c440B5729
We have the full might of @chainalysis and @zeroshadow_io
behind us, through our Crypto Incident Response partnership, which is tapping into their extended network of exchanges and partners as well as successfully tracking the moved funds.
We have also reached out to the attacker via an on-chain message, offering a chance to return the funds and qualify for a bug bounty.
Transactions with message:
https://t.co/sPqRZVwuoA
https://t.co/bM0mCK38bP
https://t.co/1N3u7uTXu9
Reach out at [email protected], on chain to our treasury address on ETH 0xDF2C270f610Dc35d8fFDA5B453E74db5471E126B or our deployer addresses (eg 0xfddfE525054efaAD204600d00CA86ADb1Cc2ea8a).
A full post mortem is coming in the upcoming days.
We thank you all for your patience and support during these challenging times.
The rest of the Abracadabra products remain unaffected by this incident.
We are aware of an exploit in relation to our gmCauldrons.
Core contributors and security engineers are investigating the issue in depth and will provide more information as soon as available.
Each gmCauldron was fully audited by @GuardianAudits prior to release. The same lead auditors as GMX core contracts, gmCauldrons are also integrated within the rest of Abracadabra Security infra including @zeroshadow_io tracking, @hexagate_ response software as well as further security measures behind the scene.
While having multiple systems in place, the exploit was caught only after the attacker executed several transactions. The Zeroshadow team alerted us and we quickly turned off all borrows to all cauldrons.
The full damage of the attack is currently being assessed. We are working together with @GuardianAudits, @GMX_IO, and other security peers to identify the execution of the hack.
No user collateral is affected and this exploit only affects the gmCauldrons.
We are in close contact with @chainalysis who are tracking the funds, that are currently consolidated on 0xaf9e33aa03caaa613c3ba4221f7ea3ee2ac38649.
To the hacker, we are happy to entertain negotiations for a bug bounty of 20% of the total.
Reach out at [email protected] or on chain to our treasury address on ETH 0xDF2C270f610Dc35d8fFDA5B453E74db5471E126B.
A full post mortem will be provided once ready.
Core contributors and security engineers are investigating the issue in depth and will provide more information as soon as available.
Each gmCauldron was fully audited by @GuardianAudits prior to release. The same lead auditors as GMX core contracts, gmCauldrons are also integrated within the rest of Abracadabra Security infra including @zeroshadow_io tracking, @hexagate_ response software as well as further security measures behind the scene.
While having multiple systems in place, the exploit was caught only after the attacker executed several transactions. The Zeroshadow team alerted us and we quickly turned off all borrows to all cauldrons.
The full damage of the attack is currently being assessed. We are working together with @GuardianAudits, @GMX_IO, and other security peers to identify the execution of the hack.
No user collateral is affected and this exploit only affects the gmCauldrons.
We are in close contact with @chainalysis who are tracking the funds, that are currently consolidated on 0xaf9e33aa03caaa613c3ba4221f7ea3ee2ac38649.
To the hacker, we are happy to entertain negotiations for a bug bounty of 20% of the total.
Reach out at [email protected] or on chain to our treasury address on ETH 0xDF2C270f610Dc35d8fFDA5B453E74db5471E126B.
A full post mortem will be provided once ready.
Henlo, @henlo
1/ ๐ง๐ผโโ๏ธ!
AIP #65 has passed, marking the discontinuation of support of Abracadabra products on the Fantom ecosystem now that Sonic is launched.
The Fantom ecosystem has 4 cauldrons deployed, which have been deprecated for more than 2 years now and with less than 110k MIM minted against it.
Important Deadlines๐๐ป
1๏ธโฃ March 4th โ Any unclosed Cauldron positions will face liquidation.
2๏ธโฃ April 11th โ MIM on Fantom must be bridged back before this date, as it will no longer be redeemable for ETH afterward.
If you have an open position on the Fantom deprecated markets, please make sure to close it at your earliest convenience to avoid liquidation.
Regarding Fantom SPELL which was affected by the Multichain exploit, recovery efforts will be addressed in a separate proposal subject to DAO approval.
AIP #65 has passed, marking the discontinuation of support of Abracadabra products on the Fantom ecosystem now that Sonic is launched.
The Fantom ecosystem has 4 cauldrons deployed, which have been deprecated for more than 2 years now and with less than 110k MIM minted against it.
Important Deadlines๐๐ป
1๏ธโฃ March 4th โ Any unclosed Cauldron positions will face liquidation.
2๏ธโฃ April 11th โ MIM on Fantom must be bridged back before this date, as it will no longer be redeemable for ETH afterward.
If you have an open position on the Fantom deprecated markets, please make sure to close it at your earliest convenience to avoid liquidation.
Regarding Fantom SPELL which was affected by the Multichain exploit, recovery efforts will be addressed in a separate proposal subject to DAO approval.
๐ง๐ผโโ๏ธ!
@elixir ๐ค๐ผ @MIM_Spell
Following the successful passing of SAIP #54.3, the Minimum Collateral Ratio (MCR) for our $sdeUSD cauldrons has been raised to 90%, making all open positions healthier!โ ๐ฅ๐๐ป๐๏ธ
https://t.co/Qjpwpx45ls
1.22m $MIM are available to be looped up, with further top ups ready to go!๐๐๐ป
@elixir ๐ค๐ผ @MIM_Spell
Following the successful passing of SAIP #54.3, the Minimum Collateral Ratio (MCR) for our $sdeUSD cauldrons has been raised to 90%, making all open positions healthier!โ ๐ฅ๐๐ป๐๏ธ
https://t.co/Qjpwpx45ls
1.22m $MIM are available to be looped up, with further top ups ready to go!๐๐๐ป
๐ง๐ผโโ๏ธ!
Wanna look for some of the best stablecoin yields in defi?๐
Bring your $DAI, $USDT and $USDC over to the $MIM-3Crv pool on @CurveFinance and stake it on @StakeDAOHQ for boosted rewards in $CRV and $CVX and a current APY of 58.77%!
Step 1๏ธโฃ: Deposit your stables on @CurveFinance ๐๐ป
https://t.co/ncK4dnjPjN
Step 2๏ธโฃ: Take your Curve LP tokens and stake them on @StakeDAOHQ ๐๐ป
https://t.co/4SMx5dozxZ
Step 3๏ธโฃ: Farm at 58.77% APY!
Wanna look for some of the best stablecoin yields in defi?๐
Bring your $DAI, $USDT and $USDC over to the $MIM-3Crv pool on @CurveFinance and stake it on @StakeDAOHQ for boosted rewards in $CRV and $CVX and a current APY of 58.77%!
Step 1๏ธโฃ: Deposit your stables on @CurveFinance ๐๐ป
https://t.co/ncK4dnjPjN
Step 2๏ธโฃ: Take your Curve LP tokens and stake them on @StakeDAOHQ ๐๐ป
https://t.co/4SMx5dozxZ
Step 3๏ธโฃ: Farm at 58.77% APY!
๐ง๐ผโโ๏ธ!
@GMX_IO
The gmCauldrons on @arbitrum just received a multi million $MIM top up!๐ฅ๐ซ
Leverage up on $gmBTC, $gmETH and $gmSOL while remaining exposed to the yield produced on it while paying fixed interest rates!๐๐ป๐
https://app.abracadabra.money/#/
@GMX_IO
The gmCauldrons on @arbitrum just received a multi million $MIM top up!๐ฅ๐ซ
Leverage up on $gmBTC, $gmETH and $gmSOL while remaining exposed to the yield produced on it while paying fixed interest rates!๐๐ป๐
https://app.abracadabra.money/#/
๐ง๐ผโโ๏ธ!
190% base APY and 29.9x Potion farming!๐๐ฎ
Our staked deUSD cauldron just got a $2M MIM top-up!๐ฅ
1๏ธโฃ Get deUSD on Curve:
https://t.co/nvNgyz7uSr
2๏ธโฃ Stake on Elixir in the Apothecary::
https://t.co/V88eBvcOJM
3๏ธโฃ Loop your $MIM position against your staked deUSD to unlock up to a 190% base APY and 29.9x Elixir Potion Multiplier๐๐ป๐ช
190% base APY and 29.9x Potion farming!๐๐ฎ
Our staked deUSD cauldron just got a $2M MIM top-up!๐ฅ
1๏ธโฃ Get deUSD on Curve:
https://t.co/nvNgyz7uSr
2๏ธโฃ Stake on Elixir in the Apothecary::
https://t.co/V88eBvcOJM
3๏ธโฃ Loop your $MIM position against your staked deUSD to unlock up to a 190% base APY and 29.9x Elixir Potion Multiplier๐๐ป๐ช
๐ง๐ผโโ๏ธ!
The magic of @MIMSwap farms is calling!๐๐ฎ
Our @MIMSwap farms are live on @arbitrum, Ethereum, and @KAVA_CHAIN, offering enchanting APYs above 23% mark for $USDT and $USDC deposits!๐๐ฅ
The magicโs realโdive in today and help fuelling the $MIM leverage system๐๐ป
๐ฎ
The magic of @MIMSwap farms is calling!๐๐ฎ
Our @MIMSwap farms are live on @arbitrum, Ethereum, and @KAVA_CHAIN, offering enchanting APYs above 23% mark for $USDT and $USDC deposits!๐๐ฅ
The magicโs realโdive in today and help fuelling the $MIM leverage system๐๐ป
๐ฎ
๐ง๐ผโโ๏ธ!
@MIMSwap pools on @arbitrum are paying again above the 20% apy mark for USDT and USDC deposits with more than 12m in TVL!๐
Jump in those juicy yields, claim your $SPELL and participate in Abracadabra's governance and fee sharing while fuelling our leverage engine!๐ฅ
mSPELL APY is currently sitting at around 11%, in MIM stablecoin yield!๐ฆ
@MIMSwap pools on @arbitrum are paying again above the 20% apy mark for USDT and USDC deposits with more than 12m in TVL!๐
Jump in those juicy yields, claim your $SPELL and participate in Abracadabra's governance and fee sharing while fuelling our leverage engine!๐ฅ
mSPELL APY is currently sitting at around 11%, in MIM stablecoin yield!๐ฆ
๐ง๐ผโโ๏ธ!
@GMX_IO ๐ค๐ผ @MIM_Spell
Our gmCauldrons on Arbitrum are getting a fresh top-up soon, and the reduced borrow fee is live! ๐ฅ
https://app.abracadabra.money/#/cauldrons
Mint and loop seamlessly with gmBTC, gmETH, and gmSOL natively on @arbitrum โ all with just a 0.3% minting fee! ๐ฎ
@GMX_IO ๐ค๐ผ @MIM_Spell
Our gmCauldrons on Arbitrum are getting a fresh top-up soon, and the reduced borrow fee is live! ๐ฅ
https://app.abracadabra.money/#/cauldrons
Mint and loop seamlessly with gmBTC, gmETH, and gmSOL natively on @arbitrum โ all with just a 0.3% minting fee! ๐ฎ
๐ง๐ผโโ๏ธ!
Our $ZRO cauldron is now live using @chainlink price feeds!๐ฅ
@MIM_Spell ๐ค๐ผ @LayerZero_Core
1m $MIM are available to be minted on @arbitrum!๐ฎ
Mint it now!๐๐ป
https://app.abracadabra.money/#/market/42161/11 https://x.com/MIM_Spell/status/1853449798998737052/video/1
Our $ZRO cauldron is now live using @chainlink price feeds!๐ฅ
@MIM_Spell ๐ค๐ผ @LayerZero_Core
1m $MIM are available to be minted on @arbitrum!๐ฎ
Mint it now!๐๐ป
https://app.abracadabra.money/#/market/42161/11 https://x.com/MIM_Spell/status/1853449798998737052/video/1
๐ง๐ผโโ๏ธ!
Our brand new USD0++ cauldron in partnership @usualmoney is now live!๐ฎ
Use USD0++ as collateral to mint $MIM and leverage up your pills earning!๐ฅ
Join it now!๐๐ป
https://t.co/xix3YCnSEY
Leverage pills farming cauldrons are expected to be selling out fast, so make sure you grab your spot asap and turn on notifications for future top ups!๐๐ฎ
Our brand new USD0++ cauldron in partnership @usualmoney is now live!๐ฎ
Use USD0++ as collateral to mint $MIM and leverage up your pills earning!๐ฅ
Join it now!๐๐ป
https://t.co/xix3YCnSEY
Leverage pills farming cauldrons are expected to be selling out fast, so make sure you grab your spot asap and turn on notifications for future top ups!๐๐ฎ
๐ง๐ผโโ๏ธ!
Our newest @MIMSwap pool is now live in partnership with @usualmoney!๐ฅ๐ฎ
The $MIM / $USD0 pool is now open for deposits!๐๐ป
https://app.abracadabra.money/#/pool/2/1
Become an LPer to enjoy Pills rewards!๐๐ฎ https://x.com/MIM_Spell/status/1842205180844011522/video/1
Our newest @MIMSwap pool is now live in partnership with @usualmoney!๐ฅ๐ฎ
The $MIM / $USD0 pool is now open for deposits!๐๐ป
https://app.abracadabra.money/#/pool/2/1
Become an LPer to enjoy Pills rewards!๐๐ฎ https://x.com/MIM_Spell/status/1842205180844011522/video/1
๐ง๐ผโโ๏ธ!
If you are at @eth_milano come over to our stand outside the โImparaโ stage!๐ฅ
Show your wallet has some $MIM, or that you are part of our Discord community and you are gonna be able to get some magic merch!๐ช
One last thing! Coffee is on us for the whole conference๐๐ฎโ๏ธ
If you are at @eth_milano come over to our stand outside the โImparaโ stage!๐ฅ
Show your wallet has some $MIM, or that you are part of our Discord community and you are gonna be able to get some magic merch!๐ช
One last thing! Coffee is on us for the whole conference๐๐ฎโ๏ธ
๐ง๐ผโโ๏ธ!
Staked deUSD Top Up Alert!๐จ
Another 1M $MIM top up is heading your way!๐ฅ
The 24-hour timer starts NOW! โณ
With our cauldron delivering up to 29.9x Potion rewards (versus the usual 5x boost), this remains the prime opportunity to earn @elixir Potions! ๐งช
Deposit your sdeUSD in the cauldron today and gear up for tomorrowโs top-up ๐๐ป๐ฎ
Staked deUSD Top Up Alert!๐จ
Another 1M $MIM top up is heading your way!๐ฅ
The 24-hour timer starts NOW! โณ
With our cauldron delivering up to 29.9x Potion rewards (versus the usual 5x boost), this remains the prime opportunity to earn @elixir Potions! ๐งช
Deposit your sdeUSD in the cauldron today and gear up for tomorrowโs top-up ๐๐ป๐ฎ
โณ The countdown has hit ZERO!
๐ฅ 1M $MIM is now available to borrow against your staked deUSD.
Don't waitโgrab your spot before it fills up and earn up to a 29.5x Potion boost
๐ฎ Find the cauldron here: http://app.abracadabra.money/#/market/1/44
๐ฅ 1M $MIM is now available to borrow against your staked deUSD.
Don't waitโgrab your spot before it fills up and earn up to a 29.5x Potion boost
๐ฎ Find the cauldron here: http://app.abracadabra.money/#/market/1/44
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