The protocol is raising interest rates across all Cauldrons to encourage debt repayment and reduce supply.
Abracadabra has initiated emergency measures to address the worsening depeg of its MIM stablecoin. The protocol is significantly raising interest rates across all Cauldrons. This action aims to encourage debt repayment and subsequently reduce the overall supply of MIM, critical…
Market Samachar is a news aggregator. This article was originally published by Cointelegraph.com News. Tap the button above to read the full story on their site.