Why You Should Own ATLEAST +100000 Spell Token(SPELL ) 🤑 Spell Token Price Prediction | Spell News

Why You Should Own ATLEAST +100000 Spell Token(SPELL ) 🤑 Spell Token Price Prediction | Spell News
The main function of the SPELL token is to stake it in Abracadabra to obtain sSPELL tokens, which have several benefits. First, they grant holders voting rights to change the platform parameters, such as TVL, Liquidation Fees, future collateral options, etc. Second, they grant holders a claim on fees generated by the protocol. MIM, issued by lending protocol Abracadabra, broke $1B in supply on Oct. 5, placing it seventh overall in terms of stable coin market cap, according to CoinGecko. That’s $5.39B behind Maker’s DAI stable coin supply. So while MIM still has a ways to go, the stable coin has shown remarkable growth since launching in May. For contrast, Maker launched in 2017. Yet even though it’s behind in supply, Abracadabra has surpassed the lending incumbent in terms of fees generated. Fees on Abracadabra come from the interest paid on the protocol’s loans. If holders of SPELL, Abracadabra’s governance token, stake their asset they receive sSPELL, which accrues 75% of the interest fees. At the range of $0.014, the SPELL token has increased in value by over six and a half times in the last 30 days. In contrast, Ethereum is down over 9% in that same time span.
RELATED VIDEOS:
NEW DEFI 10X GEM - SPELL TOKEN PRICE PREDICTION ABRACADABRA ECOSYSTEM
https://youtu.be/gth-9S14X-U

Abracadabra: Loans that pay for themselves
https://youtu.be/q-iDAkJkbIs

SPELL COIN Best Crypto Secret Revealed!!! Magic Tokens Arrive On The Blockchain!
https://youtu.be/fiM3hkBNMZQ

Spell overview, Binance Rumours, How to stake Spell, Farming on AVAX / FTM with SPELL
https://youtu.be/_FwIJ0SaW9g

DISCLAIMERS: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Subscribe To Crypto Maniac→https://bit.ly/2SIVWJO

Видео Why You Should Own ATLEAST +100000 Spell Token(SPELL ) 🤑 Spell Token Price Prediction | Spell News канала Crypto Maniac