Every story we've covered involving abracadabra.
Abracadabra is proposing to wind down its Magic Internet Money (MIM) stablecoin through a Snapshot vote that would liquidate the protocol, convert remaining collateral to ether, and distribute proceeds pro rata to MIM holders. The team estimates roughly $900,000 of recoverable backing remains against about $21 million of bad debt, implying a payout near four cents on the dollar.
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