Collateral Proposal: Appreciating stablecoin 100% backed by BUSD

MDB+ is a stablecoin that’s fully redeemable for BUSD, with an APY hovering around 40% on the Binance Smart Chain. Bringing MDB+ onto Abracadabra would allow users to max out the degen box almost risk free as MDB+ cannot go below its backing, and the only price fluctuations are in the PCS LP, not the asset.
In addition, the MDB team is constantly building new partnerships, liquidity, and investment, and could be valuable to Abracadabra, especially if there is to be a push to take a larger share of BSC.


Their dapp can be viewed at app.mdb.fund
I’m happy to answer any questions I can about the protocol and the MDB+ stablecoin