# sCIP#40 Adding a \[MIM-\[3Pool\]\] Metapool

**URL:** <http://gov.curve.finance/t/scip-40-adding-a-mim-3pool-metapool/1850>\
**Category:** Proposals\
**Created:** [June 11, 2021, 7:23pm UTC](http://gov.curve.finance/t/scip-40-adding-a-mim-3pool-metapool/1850 "2021-06-11T19:23:13Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Abracadabra.Money](http://gov.curve.finance/letter_avatar_proxy/v4/letter/a/f6c823/32.png) [@Abracadabra.Money](http://gov.curve.finance/u/Abracadabra.Money)\
**Post date:** [June 11, 2021, 7:23pm UTC](http://gov.curve.finance/t/scip-40-adding-a-mim-3pool-metapool/1850/1 "2021-06-11T19:23:14Z")

</div>

**Summary** :  
Proposed by the abracadabra.money team

The abracadabra.money team proposes to add the [[MIM-3Pool]] Metapool on [Curve.fi](http://Curve.fi). Adding the MIM-3pool metapool to Curve would allow deeper liquidity on the pair and further incentivize the use of our protocol.

**Project Details** :

> $MIM (Magic Internet Money) is abracadabra.money’s USD-pegged stablecoin. Abracadabra.money is a lending protocol that allows users to use their interest bearing tokens, such as yvUSDT or xSUSHI, as collateral in order to borrow $MIM. For a complete list of our collaterals and our TVL check our [website](https://abracadabra.money/).

Abracadabra.money licensed and uses Sushiswap’s Kashi Lending protocol, which has been audited by multiple firms and undergone formal verification. Check out more on security [here](https://github.com/sushiswap/kashi-lending#security).  
You can read more about how our protocol works in detail on our Medium Page [here](https://medium.com/abracadabra-money).

In order to keep MIM pegged to the other major Stablecoins, 45% of the total supply of SPELL tokens (abracadabra.money governance token) will be distributed to the stakers of MIM-3LP3CRV LP tokens. A 10 Year halving model will be followed, which will cut in half the rewards distributed every year.

Being on [Curve.fi](http://Curve.fi) would help users to find MIM more easily, and have a better user experience overall compared to the lesser known curve factory sites. As of right now, our users have locked more than 100M$ worth of MIM-3LP3CRV-f-2 LP tokens and collateralized approximately 60M MIMs. These numbers are increasing steeply as our first lending market and the LP incentivization program launched less than 2 weeks ago.

**Motivation** :

Curve’s ability to provide the best user experience with pegged price stable coins makes it the ideal place for MIM, a USD stable coin. The use of 3CRV to build a meta pool also allows users to reduce their exposure to assets that they may not wish to hold exposure to. By adding the MIM-3CRV to the main UI, it will gain the benefit of increased analytics, increase the level of trust, and increase liquidity depth.

**Statistics** :  
Here are a few current stats on the curve factory pool as of the 06/11/2021 (LP staking rewards started on the 06/05/2021).

Current TVL - 47,707,180 3CRV / 56,657,873 MIM

Average Token Transfers per day - ~452

URL to Factory Pool contract [here](https://etherscan.io/address/0x5a6a4d54456819380173272a5e8e9b9904bdf41b)

**Useful Links**  
Website: [https://abracadabra.money/](https://abracadabra.money/)  
Medium: [https://medium.com/abracadabra-money](https://medium.com/abracadabra-money)  
Twitter: [https://twitter.com/MIM\_Spell](https://twitter.com/MIM_Spell)  
Community Run TG group: [Telegram: View @MIM\_Spell](https://t.me/MIM_Spell)  
MIM Token Address: 0x99d8a9c45b2eca8864373a26d1459e3dff1e17f3

**Poll** :  
[https://signal.curve.fi/#/curve.eth/proposal/QmeAqY7aauXV2wRFauZmYdkdvg6SNVnyRfsDsuDJeTK97x](https://signal.curve.fi/#/curve.eth/proposal/QmeAqY7aauXV2wRFauZmYdkdvg6SNVnyRfsDsuDJeTK97x)