What is Abracadabra Spell's risk level?

Yielna's risk meter reads Elevated for Abracadabra Spell, from its contracts, their control and its history. It measures structural and historical risk, not future returns.

Is Abracadabra Spell verified by Yielna?

Not at present: Abracadabra Spell does not hold a Yielna badge, which means a requirement is not met or could not be verified.

Who controls Abracadabra Spell's contracts?

Admin control: 2 of 4 signers must approve. Timelock: None — admin changes take effect immediately.

What is Abracadabra Spell's TVL?

$5.0M, as reported by DefiLlama.

Has Abracadabra Spell been exploited?

3 exploits are recorded for Abracadabra Spell; its page lists each, with what was lost and repaid.

Abracadabra Spell

Overview

TVL

$5.0M

Up 12% over 90 days

Live since

2021

TVL, last 90 days

Risk

How it's measured

Elevated

Full data

Security

AuditsAudit reports publishedRead the reports

Contract statusAll contracts verified, upgradeableGmxGlpRewardHandler 0x3477…7e75 CauldronV4 0x5698…06D5 CauldronV4 0x7264…01B1 MagicGlpRewardHandler 0x8566…4214 CauldronV2Multichain 0xC899…15E6 GmxV2CauldronV4 0x4F97…0741

Upgrades controlled byMultisig0xA71A…174C

Multisig2 of 4 signers must approveSafe 0xA71A…174C

TimelockNone — admin changes take effect immediately

Track record

Through market stressCame through 4 of 5UST/Luna collapse (May 2022) — kept 23% of its depositsFTX collapse (Nov 2022) — kept 52% of its depositsUSDC depeg (Mar 2023) — kept 99% of its depositsAugust 2024 crash — kept 84% of its depositsOctober 2025 liquidation cascade — exploited during the event (Abracadabra Spell)

Exploit history

4 Oct 2025 — Improper Access Control$1.7M lost · No reimbursement recorded
25 Mar 2025 — Liquidation Logic Flaw$13.0M lost · No reimbursement recorded
30 Jan 2024 — Rounding Error$6.5M lost · No reimbursement recorded