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SPELL

3 TokenPost stories are tagged SPELL. The newest appear first.

Latest SPELL 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.

  Sep 29, 2026, 10:53 PM EDT · 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.

  Sep 29, 2026, 10:49 PM EDT · Business

• 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.

  Sep 29, 2026, 10:34 PM EDT · Technology