Decentralized finance platform Abracadabra said Wednesday that it launched emergency measures after its crypto-collateralized stablecoin, Magic Internet Money (MIM), fell 50% below …
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MIM
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DeFi
Abracadabra.money injects $100K into Curve pool to stem MIM stablecoin depeg
by shayaanby shayaanDecentralized finance protocol Abracadabra.money has moved to stabilize its algorithmic stablecoin, Magic Internet Money (MIM), by injecting $100,000 into its primary liquidity …
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DeFi
MIM stablecoin drops to $0.87 as algorithmic dollar tokens keep losing their pegs
by shayaanby shayaanAbracadabra’s MIM stablecoin took a major reputation and valuation hit today June 12 as it fell as low as $0.87 across multiple …