Story thread · 2 reports / 2 sources
Abracadabra Proposes Winding Down MIM at Four Cents on the Dollar
thedefiant.io · 2h · first report
A Snapshot vote would liquidate the protocol, swap what collateral is left into ether and pay MIM holders pro rata. The team puts recoverable backing at about $900,000 against $21 million of bad debt.
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