TokenPost topic
Abracadabra
6 TokenPost stories are tagged Abracadabra. The newest appear first.
Latest Abracadabra stories
- Abracadabra DAO Opens Vote to Shut Protocol, Liquidate MIM
The protocol estimates just $900,000 in enforceable collateral against $21 million in bad debt, leaving MIM less than 5% backed.
· Technology
- Abracadabra Moves to Shut Down MIM as Backing Falls Below 4 Cents
The proposal would liquidate the protocol’s remaining assets, convert collateral into Ether and distribute proceeds to MIM holders.
· Business
- Abracadabra Proposes Shutdown After MIM Loses Path Back to Dollar Peg
The plan would liquidate collateral and distribute proceeds after repeated attacks left Magic Internet Money severely undercollateralized.
· Technology
- Abracadabra Proposes Liquidation as MIM Holders Face 96% Shortfall
The proposal estimates about $900,000 in recoverable assets against $21 million in bad debt, leaving MIM holders roughly 4 cents per $1 of face value.
· Technology
- Abracadabra DAO Votes on Wind-Down After $21 Million MIM Debt
The proposal would liquidate MIM after hacks left the stablecoin with about $900,000 in executable collateral and less than 4 cents of backing per token.
· Technology
- Abracadabra Proposes Wind-Down That Could Leave MIM Holders With 4 Cents
The proposal would liquidate remaining collateral, convert it to Ether and distribute proceeds to MIM holders pro rata.
· Technology