SPELL Token (SPELL) serves as a reward token associated with abracadabra.money, a lending platform that utilizes interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin named Magic Internet Money (MIM). Abracadabra employs the Kashi Lending Technology developed by SushiSwap (SUSHI) to create isolated lending markets, enabling users to tailor their risk exposure based on the collateral they choose to utilize. Users have the option to deposit collateral and borrow MIM against it. Additionally, Abracadabra provides opportunities for yield farming, allowing users to stake their liquidity provider (LP) tokens to earn SPELL rewards. This mechanism enhances liquidity for specific cryptocurrency pairs, such as Ether (ETH)-Spell Token (SPELL) and Magic Internet Money (MIM)-LP 3pool Curve (3CRV). Moreover, users can leverage borrowed MIM from their interest-bearing collateral to open leveraged farming positions.