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Abracadabra takes emergency action as MIM stablecoin depeg worsens

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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.

Abracadabra takes emergency action as MIM stablecoin depeg worsens

Source：Cointelegraph

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Source：https://cointelegraph.com/news/abracadabra-takes-emergency-measures-as-magic-internet-money-depeg-worsens