Abracadabra Proposes Winding Down MIM at Four Cents on the Dollar

Your call?🐂 Bullish🐻 Bearish

4 cents

MIM recovery rate

$ETH

$2,668

+0.3%

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.