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Abracadabra Proposes Winding Down MIM at Four Cents on the Dollar
MIM's decline highlights the fragility of decentralized stablecoins, raising concerns about their reliability and impact on DeFi ecosystems. The post Abracadabra proposes winding down MIM at four cents on the dollar appeared first on Crypto Briefing .
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🚨 Abracadabra is voting to liquidate its MIM stablecoin and shut down the protocol. 📉 If the plan is approved, $MIM holders are expected to receive approximately $0.04 per token. 🧾 The team estimates the margin call to be approximately $21 million. ⏳ LayerZero's December 15th deadline is creating additional pressure for approximately $1 million in funding. Read More: Abracadabra is voting to shut down and liquidate its MIM stablecoin The arti…
The Defiant+2 Reposted by 2 other sources
Abracadabra Proposes Winding Down MIM at Four Cents on the Dollar
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