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Spell

SPELL is only available to store

This asset is currently unavailable to trade on Gemini. You can store SPELL and transfer it with a compatible external wallet.

SPELL logo

Spell

SPELL

$0.0005299285

-$0.0005701003 (-51.83%)

Past year

  • Volume (24H)

    --

  • Circulating Supply

    159.1B

  • Market Cap

    $85.06M

About Spell (SPELL)

SPELL is used as the governance token for the Abracadabra.money decentralized platform. Abracadabra employs interest-bearing tokens as collateral in the minting Magic Internet Money (MIM), a USD-pegged stablecoin. Interest-bearing tokens able to be used as of February 2022 as collateral include liquidity provider (LP) tokens from Convex, Curve, Yearn, among others. The loan liquidation process on Abracadabra differs from other stablecoin/lending protocols like MakerDAO, in that each collateralized debt position (CDP) and its liquidation price are unique. Should the liquidation price for any specific CDP be crossed, a liquidator can purhcase the position by paying off the outstanding MIM.

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Spell Cryptopedia articles

Abracadabra Money- DeFi Stablecoins via Magic Internet Money and SPELL Tokens (DeFi)

Abracadabra.money: DeFi Stablecoins via MIM and SPELL

Cryptopedia Staff • 6 min read

See more

Spell links and resources

Abracadabra website

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Abracadabra technical documentation

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Learn more on cryptopedia

Ether Cryptopedia

Recent Spell (SPELL) Price Data

The price of Spell has decreased by -6.12% in the past 24 hours. The current price is $0.0005299285 per Spell. The current circulating supply is 159.1B SPELL.

Last updated 2025/04/04 00:00 (UTC)