Abracadabra Money is a multi-chain DeFi protocol enabling users to lend assets as collateral to borrow the protocol's USD pegged stablecoin Magic Internet Money (MIM) with or without using leverage. The protocol also features a staking and governance token called SPELL. Abracadabra Money began by accepting interest-bearing assets as collateral but has expanded to accept other assets, such as WBTC, WETH, and staked SPELL (sSPELL).