The Spell token (SPELL) is the governance and revenue-sharing token of the Abracadabra.Money decentralized lending platform. It is an ERC-20 token used to encourage high liquidity on the platform's lending markets and allows holders to participate in governance and vote on protocol parameters. SPELL is primarily used to facilitate borrowing and lending within the Abracadabra ecosystem, where users can deposit interest-bearing tokens as collateral for minting Magic Internet Money (MIM), a stablecoin indexed to the US dollar.