Abracadabra’s voting on the bad debt repayment plan in the UST lending market

2022/11/01 10:28

The Abracadabra community, the issuer of the algorithmic stablecoin MIM, has launched a vote on the bad debt repayment plan caused by the UST crash. The voting options include using treasury funds, using protocol income, and using a combination of treasury funds and protocol income. The deadline for voting is 22:00 on November 2.
During the Terra crash, Abracadabra's UST lending market generated about 12 million MIM of bad debt, the Abracadabra team said.

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