What is SPELL
SpellToken SPELL is the ERC-20 utility and governance token of Abracadabra Money yield farming and stablecoin lending protocol. SPELL token can be staked in Abracadabra to obtain synthetic sSPELL tokens, used to grant voting rights for changes to platform parameters and providing holders a claim on fees generated by the protocol. Abracadabra allows users to collateralize debt positions with interest bearing tokens or other assets of their choice. Liquidation may occur when the collateral value drops below a predetermined point.