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Will support from Binance Smart Chain, Fantom do the magic for Abracadabra’s SPELL
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Over the last few years, there’s been a steady rise of lending protocols which has not only pushed the narrative for such protocols but also the market size of the sector. In fact, lending and borrowing protocols such as Aave, Compound and BondAppetit, have seen a rise in users and now have tens of billions in market size.
Recently, another project that saw significant adoptio, leaving market participants baffled, was Abracadabra money. With investors laying stress on decentralization, the same has led to the growth of the protocol that claims to have a ‘truly decentralized approach to DeFi’ and in tandem its token SPELL.
The interesting thing about the platform is that it utilizes interest-bearing tokens (ibTKNs), that accumulate interest
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