Abracadabra takes emergency action as MIM stablecoin depeg worsens

The protocol is raising interest rates across all Cauldrons to encourage debt repayment and reduce supply.

Technical Analysis

Abracadabra takes emergency action as MIM stablecoin depeg worsens. The protocol is raising interest rates across all Cauldrons to encourage debt repayment and reduce supply. This move aims to stabilize MIM but comes amid growing concerns over its stability.

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