Abracadabra Plans Orderly Wind-Down of Protocol, MIM Bad Debt Reaches Approximately $21 Million USD
Source：
x.com
According to The Block, the Abracadabra governance is considering an orderly termination of the SPELL protocol. Related proposals indicate that the protocol currently faces approximately $21 million in MIM bad debt. The proposal recommends liquidating recoverable collateral prior to formal closure and distributing the proceeds to borrowers and MIM holders.
