What is Magic Internet Money (MIM)?
![Magic Internet Money crypto token](https://ptpwallet.com/wp-content/uploads/2023/06/Magic-Internet-Money-crypto-token-1024x536.png)
MIM is a decentralized stablecoin that is overcollateralized and backed by assets that accrue yield. Since collateralization ratios typically increase over time, MIM is a great tool for obtaining “stacked” yield by leveraging up your yield-bearing assets while earning additional income by using USD to work for you in DeFi. MIM is a currency with […]