The Block (@TheBlockCo): THE BLOCK: Abracadabra $SPELL governance is considering an orderly wind-down of the protocol, with a proposal citing roughly $21 million in $MIM bad d…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
THE BLOCK: Abracadabra $SPELL governance is considering an orderly wind-down of the protocol, with a proposal citing roughly $21 million in $MIM bad debt. The proposal would liquidate recoverable collateral and distribute it to borrowers and MIM holders before shutting down the protocol.