MIM Use Cases
Abrakadabra is a lending platform that uses IbTKNs as collateral to borrow a USD pegged stablecoin (Magic Internet Money - MIM) some of MIM as examples : xSUSHI, yvstETH, wsOHM, SPELL(DegenBox), UST ... Users can Collateral one of the IbTKNs and borrow MIM user has the ability to specify how much IbTKNs to collateral and for how much to borrow MIM The smart contract that users use to get a loan and repay in this system is called Cauldrons, which is built on Bentobox and degenbox.