July 1, 2024
Project Background
Website Details
- Abracadabra.money is a Omnichain DeFi lending platform that works its magic by utilizing interest-bearing tokens as collateral to mint Magic Internet Money, a USD-Denominated stablecoin.
- It enables users to leverage interest-bearing tokens as collateral to mint the stablecoin MIM (Magic Internet Money). The platform supports various DeFi strategies and offers services like borrowing, staking, and farming to maximize yield.
Website: abracadabra.money
Code Details
This Solidity contract defines a Mintable and Burnable ERC20 token with owner and operator permissions.
- Components:
-
- IMintableBurnable Interface: Defines burn and mint functions.
- Owned Contract: Manages ownership with transfer capabilities.
- ERC20 Contract: Implements ERC20 token functionalities and EIP-2612 permits.
- OperatableV2 Contract: Manages operators who can mint and burn tokens.
- MintableBurnableERC20 Contract: Combines the above contracts, allowing only operators to mint and burn tokens.
- Key Functions:
-
- mint(address to, uint256 amount)`: Mints new tokens to a specified address.
- burn(address from, uint256 amount)`: Burns tokens from a specified address.
- setOperator(address operator, bool status)`: Sets an address as an operator.
