Abracadabra Money Has Announced that its MIM Stablecoin is Now the First Omnistable Built on LayerZero's Omnichain Fungible Token (OFT) Standard

05/31 22:05

This integration with Layer Zero enables users to beam their MIM across multiple networks, reducing wait times and fees. The upgrade also offers advanced beaming capabilities such as cross-chain borrowing, repayment and liquidation. Additionally, Abracadabra DAO will have complete control over beaming fees associated with moving MIM across chains. Low MIM beaming fees can serve as a powerful tool for arbitrageurs to exploit cross-chain price discrepancies while promoting liquidity and maximizing market efficiencies.

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