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TRX Abracadabra proposes winding down MIM at four cents on the dollar
The Defiant reports that Abracadabra has proposed a Snapshot vote to liquidate the protocol, swap remaining collateral into ether and pay MIM holders pro rata, with recoverable backing of about $900,000 against $21 million of bad debt.
Why “Unverified”
- Reported by The Defiant alone, with no second source or primary confirmation yet
1 independent source groups across 1 posts · evidence score 52/100. How labels work
What the sources claim
-
Abracadabra proposed winding down MIM at four cents on the dollar via a Snapshot vote.
“Abracadabra Proposes Winding Down MIM at Four Cents on the Dollar”
The Defiant -
The proposed Snapshot vote would liquidate the protocol, swap remaining collateral into ether and pay MIM holders pro rata.
“A Snapshot vote would liquidate the protocol, swap what collateral is left into ether and pay MIM holders pro rata.”
The Defiant -
The team puts recoverable backing at about $900,000 against $21 million of bad debt.
“The team puts recoverable backing at about $900,000 against $21 million of bad debt.”
The Defiant
Sources
Summary and claims extracted by deepseek/deepseek-flash with prompt analyze-story@3 on 2026-09-30 02:20 UTC. Labels are computed from the sources, not by the model.