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🧙‍♂️! Abracadabra V2 is coming. We’re bringing MIM from a DeFi primitive to a full private banking experience. Borrow against yield-bearing collateral. Keep upside. Spend privately. Thread 👇

V2 is expected to deploy in two phases: → Q2 Beta → Q3 Full release Key features include borrowing up to 90% LTV, private spending debit cards, ZK privacy pool, and web/mobile neo banking interfaces.

This RFC discusses pace, structure, and aggressiveness of interest rate increases for V1 cauldrons. The objective is to reach high borrowing rates within a 30-60 day period to: → Improve MIM peg stability. → Consolidate liquidity.

RFC: The Transitioning from V1 to V2 → Consolidate MIM liquidity ahead of V2 deployment. → Encourage migration with rising cauldron borrowing rates. → Optimize both reserves and revenue ahead of transition. forum.abracadabra.money/t/rfc-1-gradua…

@Oura456 Fees from the bank will go to buyback spell according to the governance.

@MIM_Spell anything for $spell ?

🧙‍♂️! Abracadabra V2 is coming. We’re bringing MIM from a DeFi primitive to a full private banking experience. Borrow against yield-bearing collateral. Keep upside. Spend privately. Thread 👇

Read the full V2 announcement + join beta waitlist: abracadabra.money/v2-announcement Private DeFi banking, built for daily use. 🧙‍♂️

Launch plan: Q2 2026: beta invitations (limited capacity) Q3 2026: public V2 launch on Ethereum

On Saturday, a security vulnerability was discovered that affected some V4 deprecated cauldrons on Ethereum mainnet. During the attack, 1.79m MIM were minted by the attacker. Shortly after, the DAO Treasury identified and mitigated the vulnerability, confirmed no other cauldrons or users funds were at risk, and bought back from the Market the entirety of affected MIM, completely reversing the effect of the attack. etherscan.io/tx/0xbaede1ddb… During the incident, no users funds were lost, and the effect has now been already full mitigated. Despite the relatively small impact of such incident, cauldron borrowing is currently disabled as we review the current codebase for the future upcoming deployments. Any information that would lead to the identification of the hacker would be eligible for our bug bounty program. All systems are stable and will be reviewed.

Make sure to migrate your LP tokens to keep earning rewards!🫡

Migrate to Staking V2: @MIM_Spell $MIM / 3Crv Stake DAO’s new infrastructure offers the same Curve gauge UX while earning max-boosted CRV rewards thanks to OnlyBoost. Migrate before 09/09 to avoid missing rewards.

Block Party is @NibiruChain’s biggest campaign yet! You won’t want to miss out on Aura farming through the tasks available on Merkl and Galxe 🧵 🩵 Merkl Tasks: app.merkl.xyz/chains/nibiru?… 🩵 Galxe Tasks: app.galxe.com/quest/nibiruch… 💡 Video Tutorials: youtube.com/playlist?list=… 🌸 Your Guide to Block Party: nibiru.fi/blog/posts/76-…

🧙‍♂️! The Nibiru beam has officially launched on @MIM_Spell! You can now move SPELL between ETH, Nibiru and the other supported ecosystems! 🪄 This major expansion marks another milestone for the Abracadabra DAO, showcasing unstoppable momentum and the true composability of $SPELL across multiple ecosystems. The magic is limitless and @NibiruChain is just the start. app.abracadabra.money/#/beam

WEN? 🔥 Introducing Nibiru Block Party launching this summer, a points program rewarding you with Aura for swaps, liquidity, lending & quests powered by @merkl_xyz and @galxe 🧵