Bridging MIM to Solana with Saber!
We are happy to announce the MIM’s integration with Allbridge. Together with our friends at Saber — the leading cross-chain AMM for pegged assets on Solana, we are launching a new bridge for stablecoin MIM.
Magic Internet Money (also known as MIM) is a stablecoin issued by the Abracadabra platform. Users may experience the charm of the ultimate finance spellbook by depositing interest-bearing assets as collateral and borrowing MIM.
With Saber’s assistance, you will be able to exchange the wrapped MIMs that you bridged to interact with the Solana ecosystem. Saber will also incentivize the liquidity provision with some additional SBR rewards.
Cast your cross-chain spells with Allbridge!
Saber is the leading cross-chain AMM for pegged assets on Solana, such as stablecoins and wrapped assets. As Solana’s core cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.
Allbridge is a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM and non-EVM compatible blockchains, that aims to cover L2 solutions and NFT transfers in the future.
Allbridge’s mission is to make the blockchain world borderless and provide a tool to freely move assets between various blockchains.