Spell Token (SPELL) is the native reward token of Abracadabra.money, a decentralized lending platform that enables users to borrow Magic Internet Money (MIM), a USD-pegged stablecoin, using interest-bearing tokens (ibTKNs) as collateral. Built on SushiSwap's Kashi Lending Technology, the platform creates isolated lending markets, allowing users to tailor their risk exposure based on their collateral. Additionally, users can participate in yield farming by staking liquidity provider (LP) tokens to earn SPELL rewards. Discover how Spell Token and Abracadabra.money are revolutionizing decentralized lending and yield farming in the DeFi ecosystem.
You can view, swap, send and receive SPELL tokens directly from your MEW Wallet. To receive your SPELL tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the SPELL token information page. You can send your SPELL tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your SPELL tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.