Abracadabra Proposes Winding Down MIM at Four Cents on the Dollar
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8 Articles
Abracadabra proposes to close operations after sinking MIM at $0.04 and faces accusations of emptying of treasury in its own DAO. La entrada Abracadabra proposes its closure after the collapse of MIM: falls to $0.04 aparece primero en Merca2.
Abracadabra proposes to close its operations after a series of attacks that left MIM listing around USD $0.04. The measure, however, opened a dispute over the state of the treasury and billionaire transfers that, according to one analyst, the proposal does not explain.
🚨 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…
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Abracadabra Proposes Winding Down MIM at Four Cents on the Dollar
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