Abracadabra DAO Votes on Wind-Down After $21 Million MIM Debt

Abracadabra DAO is voting on a wind-down proposal that would liquidate MIM after hacks left the stablecoin with roughly $900,000 in executable collateral and under 4 cents of backing per token. The move follows a $21 million MIM debt, prompting the community to consider ending the protocol's operations.