Real backing.
Internet magic.
A little less ordinary. A lot more possibility. Unlock credit with MAGIC and explore DEBT, a floating share of a basket backed by MAGIC and USDC.
- Initial backing
- 50 / 50 MAGIC + USDC, by value
- Redemption
- One share. A proportional claim on both assets
- Activation
- All at once. Token, basket and vault together
Something real.
Something magical.
One half MAGIC. One half USDC. Together, they give DEBT its starting value. As the market moves, the basket moves with it.
Every DEBT is a proportional claim on both assets. Its value can rise or fall. The backing is real; the dollar value is free to float.
Put your MAGIC
to work.
A few simple moves.
A different relationship with debt.
Two assets. One new possibility.
Contribute MAGIC and USDC in the basket’s current proportions to receive DEBT. Each new share is backed by the assets added to the basket.
The whole spell.
Or none of it.
MAGIC, the funded basket and the usable vault activate in a single transaction. Every part has to succeed for the launch to complete.
- 01Create MAGIC
- 02Back DEBT
- 03Activate the vault
If a launch instruction fails, its account changes roll back. Network fees and earlier preparation costs still apply.
Inside the atomic launchThe state of the spell.
Availability comes from verified on-chain state.
Checking launch status
Verifying the latest on-chain state.
View deployment details
MAGIC / DEBT contract addresses will appear when the new deployment is configured.